China’s financial regulators are calling for more transparent and fair handling of defaults






Treasury yields on Tuesday hardly budged, beginning a shortened day of trading due to the holiday season. At around 1 p.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at 1.910%, while the yield on the 30-year Treasury bond also moved down at 2.335%. Earlier in trading, the yield on the 2-year note hit a high of 1.671%, its highest level in two weeks. U.S. markets will finish trading early on Dec. 24 and will be closed on Dec. 25, Christmas Day. (CNBC)

China’s financial regulators are calling for more transparent and fair handling of defaults to restore investor confidence in the world’s second-largest bond market after repayment failures hit a record high this year. Improving the mechanism of handling bond defaults will be essential to prevent and resolve financial risks, and it must be done in a way that is market-based and respects the rule of law, the statement cited Liu Guoqiang, a deputy central bank governor, as saying at the meeting. (Bloomberg)

Source: Danareksa Sekuritas Debt Research
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