Wednesday, February 26, 2020

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Cracks in Asia’s bond market are not as alarming as headlines suggested because market predictions for “out-of-cycle defaults” remain on the bearish side for now, a top Singapore corporate lawyer said.The US-China trade war, oil-price swings and commodity cycles have played a part in stoking concerns about defaults among the weakest borrowers this year. Goldman Sachs predicted 3 per cent of Asia’s junk-rated debt will be in default next year, up from 1.7 per cent last month.“Default rates have…

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