Rising demand among wealthy investors for Asia bonds: HSBC

Pedro Gonçalves
clock • 1 min read

HSBC Private Banking is bullish on Asia's junk bonds as it expects it to make further gains after a strong rally in the first quarter. Sales of junk bonds in Asia had a record-breaking quarter as a broad stock market rally and investor expectations for fewer interest rate rises boosted risk appetite. US currency junk notes in the region have gained 5.6% so far this year, in the strongest start since 2012, according to ICE BofAML data. The private wealth arm of HSBC sees more scope for gains, fueled by Chinese developers that are making progress cutting debt. "Stealth easing" of Ch...

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