Credit Suisse Private Banking upgrades Asia and China HY return forecasts

As yields for Asia and China high yield (HY) markets trend up, Credit Suisse Private Banking has upgraded its 12-month Asia and China HY return forecasts to 6-7% and 8-9%, respectively. “Asia HY corrected over the past month amid fragile market sentiment owing to slowing economic growth in China and company-specific events. However, stimulus measures in China are expected to…

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