Bloomberg with a piece on China's $13 tln bond market.
Companies defaulted on 39.2 billion yuan ($5.8 billion) of domestic bonds in the first four months of the year
- 3.4 times the total for the same period of 2018
- Pace is also more than triple that of 2016
Adds Bloomberg:
- The trend is clear: unless something changes, 2019 will be the new high.
Umm, yeah.
Link.
