Although trade tensions may continue to deteriorate, Asian high-yield bonds remain UBS Global Wealth Management’s preferred positioning due to their resilience. “The reaction from Asia high-yield (HY) bonds has been rather orderly amid the equity sell-off. Following the sharp fall overnight in US equities, Asia HY bonds are just 0.25-0.5bps lower, while Asia investment grade (IG) bonds are 6-7bps wider,”…
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