离岸人民币债券发行模式的变化-The Changing Pattern of CNH Bond Issuance
2025-07-30 02:33
3ab8f2aafeb711dfb52c00215ad26546 25 July 2025 | 11:23PM HKT Asia Credit Trader The Changing Pattern of CNH Bond Issuance Once again, search for carry motives dominated, as Asia credit spreads continued their march tighter. Recent news and events support the notion that "Summer Goldilocks" conditions can further extend. We maintain the view that carry remains important, and refrain from adopting a negative stance. That said, with the recent spread tightening and the reset lower in volatility across global ri ...