Asian USD High Yield Corporate Bonds

Asia, English, Yield

The yield spread among Asian USD high yield corporate bonds (7.3% yield) and US high yield corporate bonds (5.6% yield) remains attractive at 170bps. If the US and China manage to agree on a “phase-one” trade pact, tensions should ease and provide the necessary market stability for spreads to narrow and the price for Asian USD high yield corporate bonds to rise.

Recent Posts

Yields remain attractive in context with downside risk

08/12/2023

Elevated income buffers adverse market development

30/11/2023

Income on European loans in context with default losses

30/11/2023

Income on European loans in context with default losses

09/11/2023

Record-high yield breakevens protecting return accruals

06/10/2023

error: Content is protected !!

#wpadminbar #wp-admin-bar-wccp_free_top_button .ab-icon:before{content:"";color:#02ca02;top:3px;}#wpadminbar #wp-admin-bar-wccp_free_top_button .ab-icon{transform:rotate(45deg);}.ast-no-sidebar .entry-content .alignfull{margin-left:calc(-50vw + 50%);margin-right:calc(-50vw + 50%);max-width:100vw;width:100vw;}.ast-no-sidebar .entry-content .alignwide{margin-left:calc(-41vw + 50%);margin-right:calc(-41vw + 50%);max-width:unset;width:unset;}.ast-no-sidebar .entry-content .alignfull .alignfull,.ast-no-sidebar .entry-content .alignfull .alignwide,.ast-no-sidebar .entry-content .alignwide .alignfull,.ast-no-sidebar .entry-content .alignwide .alignwide,.ast-no-sidebar .entry-content .wp-block-column .alignfull,.ast-no-sidebar .entry-content .wp-block-column .alignwide{width:100%;margin-left:auto;margin-right:auto;}.wp-block-gallery,.blocks-gallery-grid{margin:0;}.wp-block-separator{max-width:100px;}.wp-block-separator.is-style-wide,.wp-block-separator.is-style-dots{max-width:none;}.entry-content .has-2-columns .wp-block-column:first-child{padding-right:10px;}.entry-content .has-2-columns .wp-block-column:last-child{padding-left:10px;}@media (max-width: 782px){.entry-content .wp-block-columns .wp-block-column{flex-basis:100%;}.entry-content .has-2-columns .wp-block-column:first-child{padding-right:0;}.entry-content .has-2-columns .wp-block-column:last-child{padding-left:0;}}body .entry-content .wp-block-latest-posts{margin-left:0;}body .entry-content .wp-block-latest-posts li{list-style:none;}.ast-no-sidebar .ast-container .entry-content .wp-block-latest-posts{margin-left:0;}.ast-header-break-point .entry-content .alignwide{margin-left:auto;margin-right:auto;}.entry-content .blocks-gallery-item img{margin-bottom:auto;}.wp-block-pullquote{border-top:4px solid #555d66;border-bottom:4px solid #555d66;color:#40464d;}:root{--ast-container-default-xlg-padding:6.67em;--ast-container-default-lg-padding:5.67em;--ast-container-default-slg-padding:4.34em;--ast-container-default-md-padding:3.34em;--ast-container-default-sm-padding:6.67em;--ast-container-default-xs-padding:2.4em;--ast-container-default-xxs-padding:1.4em;--ast-code-block-background:#eee;--ast-comment-inputs-background:#fafafa;}html{font-size:93.75%;}a,.page-title{color:#005db5;}a:hover,a:focus{color:#595959;}body,button,input,select,textarea,.ast-button,.ast-custom-button{font-family:-apple-system,BlinkMacSystemFont,Segoe UI,Roboto,Oxygen-Sans,Ubuntu,Cantarell,Helvetica Neue,sans-serif;font-weight:normal;line-height:1.6em;}blockquote{color:#000;}h1,.entry-content h1,h2,.entry-content h2,h3,.entry-content h3,h4,.entry-content h4,h5,.entry-content h5,h6,.entry-content h6,.site-title,.site-title a{font-weight:normal;}.site-title{font-size:35px;font-size:2.3333333333333rem;display:block;}.site-header .site-description{font-size:15px;font-size:1rem;display:none;}.entry-title{font-size:30px;font-size:2rem;}h1,.entry-content h1{font-size:40px;font-size:2.6666666666667rem;line-height:1.4em;}h2,.entry-content h2{font-size:30px;font-size:2rem;line-height:1.25em;}h3,.entry-content h3{font-size:25px;font-size:1.6666666666667rem;line-height:1.2em;}h4,.entry-content h4{font-size:20px;font-size:1.3333333333333rem;line-height:1.2em;}h5,.entry-content h5{font-size:18px;font-size:1.2rem;line-height:1.2em;}h6,.entry-content h6{font-size:15px;font-size:1rem;line-height:1.25em;}::selection{background-color:#003d77;color:#fff;}body,h1,.entry-title a,.entry-content h1,h2,.entry-content h2,h3,.entry-content h3,h4,.entry-content h4,h5,.entry-content h5,h6,.entry-content h6{color:#000;}.tagcloud a:hover,.tagcloud a:focus,.tagcloud a.current-item{color:#fff;border-color:#005db5;background-color:#005db5;}input:focus,input[type="text"]:focus,input[type="email"]:focus,input[type="url"]:focus,input[type="password"]:focus,input[type="reset"]:focus,input[type="search"]:focus,textarea:focus{border-color:#005db5;}input[type="radio"]:checked,input[type=reset],input[type="checkbox"]:checked,input[type="checkbox"]:hover:checked,input[type="checkbox"]:focus:checked,input[type=range]::-webkit-slider-thumb{border-color:#005db5;background-color:#005db5;box-shadow:none;}.site-footer a:hover + .post-count,.site-footer a:focus + .post-count{background:#005db5;border-color:#005db5;}.single .nav-links .nav-previous,.single .nav-links .nav-next{color:#005db5;}.entry-meta,.entry-meta *{line-height:1.45;color:#005db5;}.entry-meta a:hover,.entry-meta a:hover *,.entry-meta a:focus,.entry-meta a:focus *,.page-links > .page-link,.page-links .page-link:hover,.post-navigation a:hover{color:#595959;}#cat option,.secondary .calendar_wrap thead a,.secondary .calendar_wrap thead a:visited{color:#005db5;}.secondary .calendar_wrap #today,.ast-progress-val span{background:#005db5;}.secondary a:hover + .post-count,.secondary a:focus + .post-count{background:#005db5;border-color:#005db5;}.calendar_wrap #today > a{color:#fff;}.page-links .page-link,.single .post-navigation a{color:#005db5;}.ast-search-menu-icon .search-form button.search-submit{padding:0 4px;}.ast-search-menu-icon form.search-form{padding-right:0;}.ast-search-menu-icon.slide-search input.search-field{width:0;}.ast-header-search .ast-search-menu-icon.ast-dropdown-active .search-form,.ast-header-search .ast-search-menu-icon.ast-dropdown-active .search-field:focus{border-color:var(--ast-global-color-0);transition:all .2s;}.search-form input.search-field:focus{outline:none;}.widget-title,.widget .wp-block-heading{font-size:21px;font-size:1.4rem;color:#000;}a:focus-visible,.ast-menu-toggle:focus-visible,.site .skip-link:focus-visible,.wp-block-loginout input:focus-visible,.wp-block-search.wp-block-search__button-inside .wp-block-search__inside-wrapper,.ast-header-navigation-arrow:focus-visible,.woocommerce .wc-proceed-to-checkout > .checkout-button:focus-visible,.woocommerce .woocommerce-MyAccount-navigation ul li a:focus-visible,.ast-orders-table__row .ast-orders-table__cell:focus-visible,.woocommerce .woocommerce-order-details .order-again > .button:focus-visible,.woocommerce .woocommerce-message a.button.wc-forward:focus-visible,.woocommerce #minus_qty:focus-visible,.woocommerce #plus_qty:focus-visible,a#ast-apply-coupon:focus-visible,.woocommerce .woocommerce-info a:focus-visible,.woocommerce .astra-shop-summary-wrap a:focus-visible,.woocommerce a.wc-forward:focus-visible,#ast-apply-coupon:focus-visible,.woocommerce-js .woocommerce-mini-cart-item a.remove:focus-visible{outline-style:dotted;outline-color:inherit;outline-width:thin;border-color:transparent;}input:focus,input[type="text"]:focus,input[type="email"]:focus,input[type="url"]:focus,input[type="password"]:focus,input[type="reset"]:focus,input[type="number"]:focus,textarea:focus,.wp-block-search__input:focus,[data-section="section-header-mobile-trigger"] .ast-button-wrap .ast-mobile-menu-trigger-minimal:focus,.ast-mobile-popup-drawer.active .menu-toggle-close:focus,.woocommerce-ordering select.orderby:focus,#ast-scroll-top:focus,#coupon_code:focus,.woocommerce-page #comment:focus,.woocommerce #reviews #respond input#submit:focus,.woocommerce a.add_to_cart_button:focus,.woocommerce .button.single_add_to_cart_button:focus,.woocommerce .woocommerce-cart-form button:focus,.woocommerce .woocommerce-cart-form__cart-item .quantity .qty:focus,.woocommerce .woocommerce-billing-fields .woocommerce-billing-fields__field-wrapper .woocommerce-input-wrapper > .input-text:focus,.woocommerce #order_comments:focus,.woocommerce #place_order:focus,.woocommerce .woocommerce-address-fields .woocommerce-address-fields__field-wrapper .woocommerce-input-wrapper > .input-text:focus,.woocommerce .woocommerce-MyAccount-content form button:focus,.woocommerce .woocommerce-MyAccount-content .woocommerce-EditAccountForm .woocommerce-form-row .woocommerce-Input.input-text:focus,.woocommerce .ast-woocommerce-container .woocommerce-pagination ul.page-numbers li a:focus,body #content .woocommerce form .form-row .select2-container--default .select2-selection--single:focus,#ast-coupon-code:focus,.woocommerce.woocommerce-js .quantity input[type=number]:focus,.woocommerce-js .woocommerce-mini-cart-item .quantity input[type=number]:focus,.woocommerce p#ast-coupon-trigger:focus{border-style:dotted;border-color:inherit;border-width:thin;outline-color:transparent;}.ast-logo-title-inline .site-logo-img{padding-right:1em;}.site-logo-img img{transition:all .2s linear;}.ast-page-builder-template .hentry{margin:0;}.ast-page-builder-template .site-content > .ast-container{max-width:100%;padding:0;}.ast-page-builder-template .site-content #primary{padding:0;margin:0;}.ast-page-builder-template .no-results{text-align:center;margin:4em auto;}.ast-page-builder-template .ast-pagination{padding:2em;}.ast-page-builder-template .entry-header.ast-no-title.ast-no-thumbnail{margin-top:0;}.ast-page-builder-template .entry-header.ast-header-without-markup{margin-top:0;margin-bottom:0;}.ast-page-builder-template .entry-header.ast-no-title.ast-no-meta{margin-bottom:0;}.ast-page-builder-template.single .post-navigation{padding-bottom:2em;}.ast-page-builder-template.single-post .site-content > .ast-container{max-width:100%;}.ast-page-builder-template .entry-header{margin-top:4em;margin-left:auto;margin-right:auto;padding-left:20px;padding-right:20px;}.single.ast-page-builder-template .entry-header{padding-left:20px;padding-right:20px;}.ast-page-builder-template .ast-archive-description{margin:4em auto 0;padding-left:20px;padding-right:20px;}.ast-page-builder-template.ast-no-sidebar .entry-content .alignwide{margin-left:0;margin-right:0;}@media (max-width:921px){#ast-desktop-header{display:none;}}@media (min-width:922px){#ast-mobile-header{display:none;}}.wp-block-buttons.aligncenter{justify-content:center;}@media (max-width:921px){.ast-plain-container.ast-no-sidebar #primary{padding:0;}}@media (max-width:782px){.entry-content .wp-block-columns .wp-block-column{margin-left:0px;}}.wp-block-image.aligncenter{margin-left:auto;margin-right:auto;}.wp-block-table.aligncenter{margin-left:auto;margin-right:auto;}@media (min-width:544px){.entry-content .wp-block-media-text.has-media-on-the-right .wp-block-media-text__content{padding:0 8% 0 0;}.entry-content .wp-block-media-text .wp-block-media-text__content{padding:0 0 0 8%;}.ast-plain-container .site-content .entry-content .has-custom-content-position.is-position-bottom-left > *,.ast-plain-container .site-content .entry-content .has-custom-content-position.is-position-bottom-right > *,.ast-plain-container .site-content .entry-content .has-custom-content-position.is-position-top-left > *,.ast-plain-container .site-content .entry-content .has-custom-content-position.is-position-top-right > *,.ast-plain-container .site-content .entry-content .has-custom-content-position.is-position-center-right > *,.ast-plain-container .site-content .entry-content .has-custom-content-position.is-position-center-left > *{margin:0;}}@media (max-width:544px){.entry-content .wp-block-media-text .wp-block-media-text__content{padding:8% 0;}.wp-block-media-text .wp-block-media-text__media img{width:auto;max-width:100%;}}.wp-block-buttons .wp-block-button.is-style-outline .wp-block-button__link,.ast-outline-button{border-top-width:2px;border-right-width:2px;border-bottom-width:2px;border-left-width:2px;font-family:inherit;font-weight:inherit;line-height:1em;background-color:transparent;}.entry-content[ast-blocks-layout] > figure{margin-bottom:1em;}@media (max-width:921px){.ast-separate-container #primary,.ast-separate-container #secondary{padding:1.5em 0;}#primary,#secondary{padding:1.5em 0;margin:0;}.ast-left-sidebar #content > .ast-container{display:flex;flex-direction:column-reverse;width:100%;}.ast-separate-container .ast-article-post,.ast-separate-container .ast-article-single{padding:1.5em 2.14em;}.ast-author-box img.avatar{margin:20px 0 0 0;}}@media (min-width:922px){.ast-separate-container.ast-right-sidebar #primary,.ast-separate-container.ast-left-sidebar #primary{border:0;}.search-no-results.ast-separate-container #primary{margin-bottom:4em;}}.elementor-button-wrapper .elementor-button{border-style:solid;text-decoration:none;border-top-width:0;border-right-width:0;border-left-width:0;border-bottom-width:0;}body .elementor-button.elementor-size-sm,body .elementor-button.elementor-size-xs,body .elementor-button.elementor-size-md,body .elementor-button.elementor-size-lg,body .elementor-button.elementor-size-xl,body .elementor-button{padding-top:10px;padding-right:40px;padding-bottom:10px;padding-left:40px;}.elementor-button-wrapper .elementor-button{border-color:#003d77;background-color:#003d77;}.elementor-button-wrapper .elementor-button:hover,.elementor-button-wrapper .elementor-button:focus{color:#fff;background-color:#595959;border-color:#595959;}.wp-block-button .wp-block-button__link,.elementor-button-wrapper .elementor-button{color:#fff;}.wp-block-button .wp-block-button__link:hover,.wp-block-button .wp-block-button__link:focus{color:#fff;background-color:#595959;border-color:#595959;}.elementor-widget-heading h1.elementor-heading-title{line-height:1.4em;}.elementor-widget-heading h2.elementor-heading-title{line-height:1.25em;}.elementor-widget-heading h3.elementor-heading-title{line-height:1.2em;}.elementor-widget-heading h4.elementor-heading-title{line-height:1.2em;}.elementor-widget-heading h5.elementor-heading-title{line-height:1.2em;}.elementor-widget-heading h6.elementor-heading-title{line-height:1.25em;}.wp-block-button .wp-block-button__link{border-top-width:0;border-right-width:0;border-left-width:0;border-bottom-width:0;border-color:#003d77;background-color:#003d77;color:#fff;font-family:inherit;font-weight:inherit;line-height:1em;padding-top:10px;padding-right:40px;padding-bottom:10px;padding-left:40px;}.menu-toggle,button,.ast-button,.ast-custom-button,.button,input#submit,input[type="button"],input[type="submit"],input[type="reset"]{border-style:solid;border-top-width:0;border-right-width:0;border-left-width:0;border-bottom-width:0;color:#fff;border-color:#003d77;background-color:#003d77;padding-top:10px;padding-right:40px;padding-bottom:10px;padding-left:40px;font-family:inherit;font-weight:inherit;line-height:1em;}button:focus,.menu-toggle:hover,button:hover,.ast-button:hover,.ast-custom-button:hover .button:hover,.ast-custom-button:hover,input[type=reset]:hover,input[type=reset]:focus,input#submit:hover,input#submit:focus,input[type="button"]:hover,input[type="button"]:focus,input[type="submit"]:hover,input[type="submit"]:focus{color:#fff;background-color:#595959;border-color:#595959;}@media (max-width:921px){.ast-mobile-header-stack .main-header-bar .ast-search-menu-icon{display:inline-block;}.ast-header-break-point.ast-header-custom-item-outside .ast-mobile-header-stack .main-header-bar .ast-search-icon{margin:0;}.ast-comment-avatar-wrap img{max-width:2.5em;}.ast-separate-container .ast-comment-list li.depth-1{padding:1.5em 2.14em;}.ast-separate-container .comment-respond{padding:2em 2.14em;}.ast-comment-meta{padding:0 1.8888em 1.3333em;}}@media (min-width:544px){.ast-container{max-width:100%;}}@media (max-width:544px){.ast-separate-container .ast-article-post,.ast-separate-container .ast-article-single,.ast-separate-container .comments-title,.ast-separate-container .ast-archive-description{padding:1.5em 1em;}.ast-separate-container #content .ast-container{padding-left:.54em;padding-right:.54em;}.ast-separate-container .ast-comment-list li.depth-1{padding:1.5em 1em;margin-bottom:1.5em;}.ast-separate-container .ast-comment-list .bypostauthor{padding:.5em;}.ast-search-menu-icon.ast-dropdown-active .search-field{width:170px;}}.ast-no-sidebar.ast-separate-container .entry-content .alignfull{margin-left:-6.67em;margin-right:-6.67em;width:auto;}@media (max-width: 1200px){.ast-no-sidebar.ast-separate-container .entry-content .alignfull{margin-left:-2.4em;margin-right:-2.4em;}}@media (max-width: 768px){.ast-no-sidebar.ast-separate-container .entry-content .alignfull{margin-left:-2.14em;margin-right:-2.14em;}}@media (max-width: 544px){.ast-no-sidebar.ast-separate-container .entry-content .alignfull{margin-left:-1em;margin-right:-1em;}}.ast-no-sidebar.ast-separate-container .entry-content .alignwide{margin-left:-20px;margin-right:-20px;}.ast-no-sidebar.ast-separate-container .entry-content .wp-block-column .alignfull,.ast-no-sidebar.ast-separate-container .entry-content .wp-block-column .alignwide{margin-left:auto;margin-right:auto;width:100%;}@media (max-width:921px){.site-title{display:block;}.site-header .site-description{display:none;}.entry-title{font-size:30px;}h1,.entry-content h1{font-size:30px;}h2,.entry-content h2{font-size:25px;}h3,.entry-content h3{font-size:20px;}}@media (max-width:544px){.site-title{display:block;}.site-header .site-description{display:none;}.entry-title{font-size:30px;}h1,.entry-content h1{font-size:30px;}h2,.entry-content h2{font-size:25px;}h3,.entry-content h3{font-size:20px;}}@media (max-width:921px){html{font-size:85.5%;}}@media (max-width:544px){html{font-size:85.5%;}}@media (min-width:922px){.ast-container{max-width:1340px;}}@media (min-width:922px){.main-header-menu .sub-menu .menu-item.ast-left-align-sub-menu:hover > .sub-menu,.main-header-menu .sub-menu .menu-item.ast-left-align-sub-menu.focus > .sub-menu{margin-left:-0px;}}.astra-icon-down_arrow::after{content:"";font-family:Astra;}.astra-icon-close::after{content:"";font-family:Astra;}.astra-icon-drag_handle::after{content:"";font-family:Astra;}.astra-icon-format_align_justify::after{content:"";font-family:Astra;}.astra-icon-menu::after{content:"";font-family:Astra;}.astra-icon-reorder::after{content:"";font-family:Astra;}.astra-icon-search::after{content:"";font-family:Astra;}.astra-icon-zoom_in::after{content:"";font-family:Astra;}.astra-icon-check-circle::after{content:"";font-family:Astra;}.astra-icon-shopping-cart::after{content:"";font-family:Astra;}.astra-icon-shopping-bag::after{content:"";font-family:Astra;}.astra-icon-shopping-basket::after{content:"";font-family:Astra;}.astra-icon-circle-o::after{content:"";font-family:Astra;}.astra-icon-certificate::after{content:"";font-family:Astra;}blockquote{padding:1.2em;}:root .has-ast-global-color-0-color{color:var(--ast-global-color-0);}:root .has-ast-global-color-0-background-color{background-color:var(--ast-global-color-0);}:root .wp-block-button .has-ast-global-color-0-color{color:var(--ast-global-color-0);}:root .wp-block-button .has-ast-global-color-0-background-color{background-color:var(--ast-global-color-0);}:root .has-ast-global-color-1-color{color:var(--ast-global-color-1);}:root .has-ast-global-color-1-background-color{background-color:var(--ast-global-color-1);}:root .wp-block-button .has-ast-global-color-1-color{color:var(--ast-global-color-1);}:root .wp-block-button .has-ast-global-color-1-background-color{background-color:var(--ast-global-color-1);}:root .has-ast-global-color-2-color{color:var(--ast-global-color-2);}:root .has-ast-global-color-2-background-color{background-color:var(--ast-global-color-2);}:root .wp-block-button .has-ast-global-color-2-color{color:var(--ast-global-color-2);}:root .wp-block-button .has-ast-global-color-2-background-color{background-color:var(--ast-global-color-2);}:root .has-ast-global-color-3-color{color:var(--ast-global-color-3);}:root .has-ast-global-color-3-background-color{background-color:var(--ast-global-color-3);}:root .wp-block-button .has-ast-global-color-3-color{color:var(--ast-global-color-3);}:root .wp-block-button .has-ast-global-color-3-background-color{background-color:var(--ast-global-color-3);}:root .has-ast-global-color-4-color{color:var(--ast-global-color-4);}:root .has-ast-global-color-4-background-color{background-color:var(--ast-global-color-4);}:root .wp-block-button .has-ast-global-color-4-color{color:var(--ast-global-color-4);}:root .wp-block-button .has-ast-global-color-4-background-color{background-color:var(--ast-global-color-4);}:root .has-ast-global-color-5-color{color:var(--ast-global-color-5);}:root .has-ast-global-color-5-background-color{background-color:var(--ast-global-color-5);}:root .wp-block-button .has-ast-global-color-5-color{color:var(--ast-global-color-5);}:root .wp-block-button .has-ast-global-color-5-background-color{background-color:var(--ast-global-color-5);}:root .has-ast-global-color-6-color{color:var(--ast-global-color-6);}:root .has-ast-global-color-6-background-color{background-color:var(--ast-global-color-6);}:root .wp-block-button .has-ast-global-color-6-color{color:var(--ast-global-color-6);}:root .wp-block-button .has-ast-global-color-6-background-color{background-color:var(--ast-global-color-6);}:root .has-ast-global-color-7-color{color:var(--ast-global-color-7);}:root .has-ast-global-color-7-background-color{background-color:var(--ast-global-color-7);}:root .wp-block-button .has-ast-global-color-7-color{color:var(--ast-global-color-7);}:root .wp-block-button .has-ast-global-color-7-background-color{background-color:var(--ast-global-color-7);}:root .has-ast-global-color-8-color{color:var(--ast-global-color-8);}:root .has-ast-global-color-8-background-color{background-color:var(--ast-global-color-8);}:root .wp-block-button .has-ast-global-color-8-color{color:var(--ast-global-color-8);}:root .wp-block-button .has-ast-global-color-8-background-color{background-color:var(--ast-global-color-8);}:root{--ast-global-color-0:#0170b9;--ast-global-color-1:#3a3a3a;--ast-global-color-2:#3a3a3a;--ast-global-color-3:#4b4f58;--ast-global-color-4:#f5f5f5;--ast-global-color-5:#fff;--ast-global-color-6:#e5e5e5;--ast-global-color-7:#424242;--ast-global-color-8:#000;}:root{--ast-border-color:#ddd;}.ast-single-entry-banner{-js-display:flex;display:flex;flex-direction:column;justify-content:center;text-align:center;position:relative;background:#eee;}.ast-single-entry-banner[data-banner-layout="layout-1"]{max-width:1300px;background:inherit;padding:20px 0;}.ast-single-entry-banner[data-banner-width-type="custom"]{margin:0 auto;width:100%;}.ast-single-entry-banner + .site-content .entry-header{margin-bottom:0;}header.entry-header .entry-title{font-size:30px;font-size:2rem;}header.entry-header > *:not(:last-child){margin-bottom:10px;}.ast-archive-entry-banner{-js-display:flex;display:flex;flex-direction:column;justify-content:center;text-align:center;position:relative;background:#eee;}.ast-archive-entry-banner[data-banner-width-type="custom"]{margin:0 auto;width:100%;}.ast-archive-entry-banner[data-banner-layout="layout-1"]{background:inherit;padding:20px 0;text-align:left;}body.archive .ast-archive-description{max-width:1300px;width:100%;text-align:left;padding-top:3em;padding-right:3em;padding-bottom:3em;padding-left:3em;}body.archive .ast-archive-description .ast-archive-title,body.archive .ast-archive-description .ast-archive-title *{font-size:40px;font-size:2.6666666666667rem;text-transform:capitalize;}body.archive .ast-archive-description > *:not(:last-child){margin-bottom:10px;}@media (max-width:921px){body.archive .ast-archive-description{text-align:left;}}@media (max-width:544px){body.archive .ast-archive-description{text-align:left;}}.ast-breadcrumbs .trail-browse,.ast-breadcrumbs .trail-items,.ast-breadcrumbs .trail-items li{display:inline-block;margin:0;padding:0;border:none;background:inherit;text-indent:0;text-decoration:none;}.ast-breadcrumbs .trail-browse{font-size:inherit;font-style:inherit;font-weight:inherit;color:inherit;}.ast-breadcrumbs .trail-items{list-style:none;}.trail-items li::after{padding:0 .3em;content:"»";}.trail-items li:last-of-type::after{display:none;}.trail-items li::after{content:"|";}.main-header-bar.ast-header-breadcrumb,.ast-header-break-point .main-header-bar.ast-header-breadcrumb,.ast-header-break-point .header-main-layout-2 .main-header-bar.ast-header-breadcrumb,.ast-header-break-point .ast-mobile-header-stack .main-header-bar.ast-header-breadcrumb,.ast-default-menu-enable.ast-main-header-nav-open.ast-header-break-point .main-header-bar-wrap .main-header-bar.ast-header-breadcrumb,.ast-main-header-nav-open .main-header-bar-wrap .main-header-bar.ast-header-breadcrumb{padding-bottom:35px;}.ast-header-breadcrumb{padding-top:10px;padding-bottom:10px;width:100%;}.ast-default-menu-enable.ast-main-header-nav-open.ast-header-break-point .main-header-bar.ast-header-breadcrumb,.ast-main-header-nav-open .main-header-bar.ast-header-breadcrumb{padding-top:1em;padding-bottom:1em;}.ast-header-break-point .main-header-bar.ast-header-breadcrumb{border-bottom-width:1px;border-bottom-color:#eaeaea;border-bottom-style:solid;}.ast-breadcrumbs-wrapper{line-height:1.4;}.ast-breadcrumbs-wrapper .rank-math-breadcrumb p{margin-bottom:0px;}.ast-breadcrumbs-wrapper{display:block;width:100%;}h1,.entry-content h1,h2,.entry-content h2,h3,.entry-content h3,h4,.entry-content h4,h5,.entry-content h5,h6,.entry-content h6{color:var(--ast-global-color-2);}@media (max-width:921px){.ast-builder-grid-row-container.ast-builder-grid-row-tablet-3-firstrow .ast-builder-grid-row > *:first-child,.ast-builder-grid-row-container.ast-builder-grid-row-tablet-3-lastrow .ast-builder-grid-row > *:last-child{grid-column:1/-1;}}@media (max-width:544px){.ast-builder-grid-row-container.ast-builder-grid-row-mobile-3-firstrow .ast-builder-grid-row > *:first-child,.ast-builder-grid-row-container.ast-builder-grid-row-mobile-3-lastrow .ast-builder-grid-row > *:last-child{grid-column:1/-1;}}.ast-builder-layout-element[data-section="title_tagline"]{display:flex;}@media (max-width:921px){.ast-header-break-point .ast-builder-layout-element[data-section="title_tagline"]{display:flex;}}@media (max-width:544px){.ast-header-break-point .ast-builder-layout-element[data-section="title_tagline"]{display:flex;}}.ast-builder-menu-1{font-family:inherit;font-weight:inherit;}.ast-builder-menu-1 .sub-menu,.ast-builder-menu-1 .inline-on-mobile .sub-menu{border-top-width:2px;border-bottom-width:0px;border-right-width:0px;border-left-width:0px;border-color:#003d77;border-style:solid;}.ast-builder-menu-1 .main-header-menu > .menu-item > .sub-menu,.ast-builder-menu-1 .main-header-menu > .menu-item > .astra-full-megamenu-wrapper{margin-top:0px;}.ast-desktop .ast-builder-menu-1 .main-header-menu > .menu-item > .sub-menu:before,.ast-desktop .ast-builder-menu-1 .main-header-menu > .menu-item > .astra-full-megamenu-wrapper:before{height:calc(0px + 5px);}.ast-desktop .ast-builder-menu-1 .menu-item .sub-menu .menu-link{border-style:none;}@media (max-width:921px){.ast-header-break-point .ast-builder-menu-1 .menu-item.menu-item-has-children > .ast-menu-toggle{top:0;}.ast-builder-menu-1 .inline-on-mobile .menu-item.menu-item-has-children > .ast-menu-toggle{right:-15px;}.ast-builder-menu-1 .menu-item-has-children > .menu-link:after{content:unset;}.ast-builder-menu-1 .main-header-menu > .menu-item > .sub-menu,.ast-builder-menu-1 .main-header-menu > .menu-item > .astra-full-megamenu-wrapper{margin-top:0;}}@media (max-width:544px){.ast-header-break-point .ast-builder-menu-1 .menu-item.menu-item-has-children > .ast-menu-toggle{top:0;}.ast-builder-menu-1 .main-header-menu > .menu-item > .sub-menu,.ast-builder-menu-1 .main-header-menu > .menu-item > .astra-full-megamenu-wrapper{margin-top:0;}}.ast-builder-menu-1{display:flex;}@media (max-width:921px){.ast-header-break-point .ast-builder-menu-1{display:flex;}}@media (max-width:544px){.ast-header-break-point .ast-builder-menu-1{display:flex;}}.elementor-template-full-width .ast-container{display:block;}.elementor-screen-only,.screen-reader-text,.screen-reader-text span,.ui-helper-hidden-accessible{top:0 !important;}@media (max-width:544px){.elementor-element .elementor-wc-products .woocommerce[class*="columns-"] ul.products li.product{width:auto;margin:0;}.elementor-element .woocommerce .woocommerce-result-count{float:none;}}.ast-header-break-point .main-header-bar{border-bottom-width:1px;}@media (min-width:922px){.main-header-bar{border-bottom-width:1px;}}.main-header-menu .menu-item,#astra-footer-menu .menu-item,.main-header-bar .ast-masthead-custom-menu-items{-js-display:flex;display:flex;-webkit-box-pack:center;-webkit-justify-content:center;-moz-box-pack:center;-ms-flex-pack:center;justify-content:center;-webkit-box-orient:vertical;-webkit-box-direction:normal;-webkit-flex-direction:column;-moz-box-orient:vertical;-moz-box-direction:normal;-ms-flex-direction:column;flex-direction:column;}.main-header-menu > .menu-item > .menu-link,#astra-footer-menu > .menu-item > .menu-link{height:100%;-webkit-box-align:center;-webkit-align-items:center;-moz-box-align:center;-ms-flex-align:center;align-items:center;-js-display:flex;display:flex;}.main-header-menu .sub-menu .menu-item.menu-item-has-children > .menu-link:after{position:absolute;right:1em;top:50%;transform:translate(0,-50%) rotate(270deg);}.ast-header-break-point .main-header-bar .main-header-bar-navigation .page_item_has_children > .ast-menu-toggle::before,.ast-header-break-point .main-header-bar .main-header-bar-navigation .menu-item-has-children > .ast-menu-toggle::before,.ast-mobile-popup-drawer .main-header-bar-navigation .menu-item-has-children>.ast-menu-toggle::before,.ast-header-break-point .ast-mobile-header-wrap .main-header-bar-navigation .menu-item-has-children > .ast-menu-toggle::before{font-weight:bold;content:"";font-family:Astra;text-decoration:inherit;display:inline-block;}.ast-header-break-point .main-navigation ul.sub-menu .menu-item .menu-link:before{content:"";font-family:Astra;font-size:.65em;text-decoration:inherit;display:inline-block;transform:translate(0,-2px) rotateZ(270deg);margin-right:5px;}.widget_search .search-form:after{font-family:Astra;font-size:1.2em;font-weight:normal;content:"";position:absolute;top:50%;right:15px;transform:translate(0,-50%);}.astra-search-icon::before{content:"";font-family:Astra;font-style:normal;font-weight:normal;text-decoration:inherit;text-align:center;-webkit-font-smoothing:antialiased;-moz-osx-font-smoothing:grayscale;z-index:3;}.main-header-bar .main-header-bar-navigation .page_item_has_children > a:after,.main-header-bar .main-header-bar-navigation .menu-item-has-children > a:after,.menu-item-has-children .ast-header-navigation-arrow:after{content:"";display:inline-block;font-family:Astra;font-size:.6rem;font-weight:bold;text-rendering:auto;-webkit-font-smoothing:antialiased;-moz-osx-font-smoothing:grayscale;margin-left:10px;line-height:normal;}.menu-item-has-children .sub-menu .ast-header-navigation-arrow:after{margin-left:0;}.ast-mobile-popup-drawer .main-header-bar-navigation .ast-submenu-expanded>.ast-menu-toggle::before{transform:rotateX(180deg);}.ast-header-break-point .main-header-bar-navigation .menu-item-has-children > .menu-link:after{display:none;}.ast-separate-container .blog-layout-1,.ast-separate-container .blog-layout-2,.ast-separate-container .blog-layout-3{background-color:transparent;background-image:none;}.ast-separate-container .ast-article-post{background-color:var(--ast-global-color-5);}.ast-separate-container .blog-layout-1.nitro-lazy,.ast-separate-container .blog-layout-2.nitro-lazy,.ast-separate-container .blog-layout-3.nitro-lazy{background-image:none !important;}@media (max-width:921px){.ast-separate-container .ast-article-post{background-color:var(--ast-global-color-5);}}@media (max-width:544px){.ast-separate-container .ast-article-post{background-color:var(--ast-global-color-5);}}.ast-separate-container .ast-article-single:not(.ast-related-post),.ast-separate-container .comments-area .comment-respond,.ast-separate-container .comments-area .ast-comment-list li,.woocommerce.ast-separate-container .ast-woocommerce-container,.ast-separate-container .error-404,.ast-separate-container .no-results,.single.ast-separate-container .ast-author-meta,.ast-separate-container .related-posts-title-wrapper,.ast-separate-container .comments-count-wrapper,.ast-box-layout.ast-plain-container .site-content,.ast-padded-layout.ast-plain-container .site-content,.ast-separate-container .comments-area .comments-title,.ast-separate-container .ast-archive-description{background-color:var(--ast-global-color-5);}@media (max-width:921px){.ast-separate-container .ast-article-single:not(.ast-related-post),.ast-separate-container .comments-area .comment-respond,.ast-separate-container .comments-area .ast-comment-list li,.woocommerce.ast-separate-container .ast-woocommerce-container,.ast-separate-container .error-404,.ast-separate-container .no-results,.single.ast-separate-container .ast-author-meta,.ast-separate-container .related-posts-title-wrapper,.ast-separate-container .comments-count-wrapper,.ast-box-layout.ast-plain-container .site-content,.ast-padded-layout.ast-plain-container .site-content,.ast-separate-container .comments-area .comments-title,.ast-separate-container .ast-archive-description{background-color:var(--ast-global-color-5);}}@media (max-width:544px){.ast-separate-container .ast-article-single:not(.ast-related-post),.ast-separate-container .comments-area .comment-respond,.ast-separate-container .comments-area .ast-comment-list li,.woocommerce.ast-separate-container .ast-woocommerce-container,.ast-separate-container .error-404,.ast-separate-container .no-results,.single.ast-separate-container .ast-author-meta,.ast-separate-container .related-posts-title-wrapper,.ast-separate-container .comments-count-wrapper,.ast-box-layout.ast-plain-container .site-content,.ast-padded-layout.ast-plain-container .site-content,.ast-separate-container .comments-area .comments-title,.ast-separate-container .ast-archive-description{background-color:var(--ast-global-color-5);}}.ast-separate-container.ast-two-container #secondary .widget{background-color:var(--ast-global-color-5);}@media (max-width:921px){.ast-separate-container.ast-two-container #secondary .widget{background-color:var(--ast-global-color-5);}}@media (max-width:544px){.ast-separate-container.ast-two-container #secondary .widget{background-color:var(--ast-global-color-5);}}.ast-mobile-header-content > *,.ast-desktop-header-content > *{padding:10px 0;height:auto;}.ast-mobile-header-content > *:first-child,.ast-desktop-header-content > *:first-child{padding-top:10px;}.ast-mobile-header-content > .ast-builder-menu,.ast-desktop-header-content > .ast-builder-menu{padding-top:0;}.ast-mobile-header-content > *:last-child,.ast-desktop-header-content > *:last-child{padding-bottom:0;}.ast-mobile-header-content .ast-search-menu-icon.ast-inline-search label,.ast-desktop-header-content .ast-search-menu-icon.ast-inline-search label{width:100%;}.ast-desktop-header-content .main-header-bar-navigation .ast-submenu-expanded > .ast-menu-toggle::before{transform:rotateX(180deg);}#ast-desktop-header .ast-desktop-header-content,.ast-mobile-header-content .ast-search-icon,.ast-desktop-header-content .ast-search-icon,.ast-mobile-header-wrap .ast-mobile-header-content,.ast-main-header-nav-open.ast-popup-nav-open .ast-mobile-header-wrap .ast-mobile-header-content,.ast-main-header-nav-open.ast-popup-nav-open .ast-desktop-header-content{display:none;}.ast-main-header-nav-open.ast-header-break-point #ast-desktop-header .ast-desktop-header-content,.ast-main-header-nav-open.ast-header-break-point .ast-mobile-header-wrap .ast-mobile-header-content{display:block;}.ast-desktop .ast-desktop-header-content .astra-menu-animation-slide-up > .menu-item > .sub-menu,.ast-desktop .ast-desktop-header-content .astra-menu-animation-slide-up > .menu-item .menu-item > .sub-menu,.ast-desktop .ast-desktop-header-content .astra-menu-animation-slide-down > .menu-item > .sub-menu,.ast-desktop .ast-desktop-header-content .astra-menu-animation-slide-down > .menu-item .menu-item > .sub-menu,.ast-desktop .ast-desktop-header-content .astra-menu-animation-fade > .menu-item > .sub-menu,.ast-desktop .ast-desktop-header-content .astra-menu-animation-fade > .menu-item .menu-item > .sub-menu{opacity:1;visibility:visible;}.ast-hfb-header.ast-default-menu-enable.ast-header-break-point .ast-mobile-header-wrap .ast-mobile-header-content .main-header-bar-navigation{width:unset;margin:unset;}.ast-mobile-header-content.content-align-flex-end .main-header-bar-navigation .menu-item-has-children > .ast-menu-toggle,.ast-desktop-header-content.content-align-flex-end .main-header-bar-navigation .menu-item-has-children > .ast-menu-toggle{left:calc(20px - .907em);right:auto;}.ast-mobile-header-content .ast-search-menu-icon,.ast-mobile-header-content .ast-search-menu-icon.slide-search,.ast-desktop-header-content .ast-search-menu-icon,.ast-desktop-header-content .ast-search-menu-icon.slide-search{width:100%;position:relative;display:block;right:auto;transform:none;}.ast-mobile-header-content .ast-search-menu-icon.slide-search .search-form,.ast-mobile-header-content .ast-search-menu-icon .search-form,.ast-desktop-header-content .ast-search-menu-icon.slide-search .search-form,.ast-desktop-header-content .ast-search-menu-icon .search-form{right:0;visibility:visible;opacity:1;position:relative;top:auto;transform:none;padding:0;display:block;overflow:hidden;}.ast-mobile-header-content .ast-search-menu-icon.ast-inline-search .search-field,.ast-mobile-header-content .ast-search-menu-icon .search-field,.ast-desktop-header-content .ast-search-menu-icon.ast-inline-search .search-field,.ast-desktop-header-content .ast-search-menu-icon .search-field{width:100%;padding-right:5.5em;}.ast-mobile-header-content .ast-search-menu-icon .search-submit,.ast-desktop-header-content .ast-search-menu-icon .search-submit{display:block;position:absolute;height:100%;top:0;right:0;padding:0 1em;border-radius:0;}.ast-hfb-header.ast-default-menu-enable.ast-header-break-point .ast-mobile-header-wrap .ast-mobile-header-content .main-header-bar-navigation ul .sub-menu .menu-link{padding-left:30px;}.ast-hfb-header.ast-default-menu-enable.ast-header-break-point .ast-mobile-header-wrap .ast-mobile-header-content .main-header-bar-navigation .sub-menu .menu-item .menu-item .menu-link{padding-left:40px;}.ast-mobile-popup-drawer.active .ast-mobile-popup-inner{background-color:#fff;}.ast-mobile-header-wrap .ast-mobile-header-content,.ast-desktop-header-content{background-color:#fff;}.ast-mobile-popup-content > *,.ast-mobile-header-content > *,.ast-desktop-popup-content > *,.ast-desktop-header-content > *{padding-top:0px;padding-bottom:0px;}.content-align-flex-start .ast-builder-layout-element{justify-content:flex-start;}.content-align-flex-start .main-header-menu{text-align:left;}.ast-mobile-popup-drawer.active .menu-toggle-close{color:#3a3a3a;}.ast-mobile-header-wrap .ast-primary-header-bar,.ast-primary-header-bar .site-primary-header-wrap{min-height:70px;}.ast-desktop .ast-primary-header-bar .main-header-menu > .menu-item{line-height:70px;}.ast-header-break-point #masthead .ast-mobile-header-wrap .ast-primary-header-bar,.ast-header-break-point #masthead .ast-mobile-header-wrap .ast-below-header-bar,.ast-header-break-point #masthead .ast-mobile-header-wrap .ast-above-header-bar{padding-left:20px;padding-right:20px;}.ast-header-break-point .ast-primary-header-bar{border-bottom-width:1px;border-bottom-color:#eaeaea;border-bottom-style:solid;}@media (min-width:922px){.ast-primary-header-bar{border-bottom-width:1px;border-bottom-color:#eaeaea;border-bottom-style:solid;}}.ast-primary-header-bar{background-color:#fff;}.ast-primary-header-bar{display:block;}@media (max-width:921px){.ast-header-break-point .ast-primary-header-bar{display:grid;}}@media (max-width:544px){.ast-header-break-point .ast-primary-header-bar{display:grid;}}[data-section="section-header-mobile-trigger"] .ast-button-wrap .ast-mobile-menu-trigger-minimal{color:#003d77;border:none;background:transparent;}[data-section="section-header-mobile-trigger"] .ast-button-wrap .mobile-menu-toggle-icon .ast-mobile-svg{width:20px;height:20px;fill:#003d77;}[data-section="section-header-mobile-trigger"] .ast-button-wrap .mobile-menu-wrap .mobile-menu{color:#003d77;}.ast-builder-menu-mobile .main-navigation .menu-item.menu-item-has-children > .ast-menu-toggle{top:0;}.ast-builder-menu-mobile .main-navigation .menu-item-has-children > .menu-link:after{content:unset;}.ast-hfb-header .ast-builder-menu-mobile .main-header-menu,.ast-hfb-header .ast-builder-menu-mobile .main-navigation .menu-item .menu-link,.ast-hfb-header .ast-builder-menu-mobile .main-navigation .menu-item .sub-menu .menu-link{border-style:none;}.ast-builder-menu-mobile .main-navigation .menu-item.menu-item-has-children > .ast-menu-toggle{top:0;}@media (max-width:921px){.ast-builder-menu-mobile .main-navigation .menu-item.menu-item-has-children > .ast-menu-toggle{top:0;}.ast-builder-menu-mobile .main-navigation .menu-item-has-children > .menu-link:after{content:unset;}}@media (max-width:544px){.ast-builder-menu-mobile .main-navigation .menu-item.menu-item-has-children > .ast-menu-toggle{top:0;}}.ast-builder-menu-mobile .main-navigation{display:block;}@media (max-width:921px){.ast-header-break-point .ast-builder-menu-mobile .main-navigation{display:block;}}@media (max-width:544px){.ast-header-break-point .ast-builder-menu-mobile .main-navigation{display:block;}}:root{--e-global-color-astglobalcolor0:#0170b9;--e-global-color-astglobalcolor1:#3a3a3a;--e-global-color-astglobalcolor2:#3a3a3a;--e-global-color-astglobalcolor3:#4b4f58;--e-global-color-astglobalcolor4:#f5f5f5;--e-global-color-astglobalcolor5:#fff;--e-global-color-astglobalcolor6:#e5e5e5;--e-global-color-astglobalcolor7:#424242;--e-global-color-astglobalcolor8:#000;}body{--wp--preset--color--black:#000;--wp--preset--color--cyan-bluish-gray:#abb8c3;--wp--preset--color--white:#fff;--wp--preset--color--pale-pink:#f78da7;--wp--preset--color--vivid-red:#cf2e2e;--wp--preset--color--luminous-vivid-orange:#ff6900;--wp--preset--color--luminous-vivid-amber:#fcb900;--wp--preset--color--light-green-cyan:#7bdcb5;--wp--preset--color--vivid-green-cyan:#00d084;--wp--preset--color--pale-cyan-blue:#8ed1fc;--wp--preset--color--vivid-cyan-blue:#0693e3;--wp--preset--color--vivid-purple:#9b51e0;--wp--preset--color--ast-global-color-0:var(--ast-global-color-0);--wp--preset--color--ast-global-color-1:var(--ast-global-color-1);--wp--preset--color--ast-global-color-2:var(--ast-global-color-2);--wp--preset--color--ast-global-color-3:var(--ast-global-color-3);--wp--preset--color--ast-global-color-4:var(--ast-global-color-4);--wp--preset--color--ast-global-color-5:var(--ast-global-color-5);--wp--preset--color--ast-global-color-6:var(--ast-global-color-6);--wp--preset--color--ast-global-color-7:var(--ast-global-color-7);--wp--preset--color--ast-global-color-8:var(--ast-global-color-8);--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple:linear-gradient(135deg,rgba(6,147,227,1) 0%,#9b51e0 100%);--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan:linear-gradient(135deg,#7adcb4 0%,#00d082 100%);--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange:linear-gradient(135deg,rgba(252,185,0,1) 0%,rgba(255,105,0,1) 100%);--wp--preset--gradient--luminous-vivid-orange-to-vivid-red:linear-gradient(135deg,rgba(255,105,0,1) 0%,#cf2e2e 100%);--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray:linear-gradient(135deg,#eee 0%,#a9b8c3 100%);--wp--preset--gradient--cool-to-warm-spectrum:linear-gradient(135deg,#4aeadc 0%,#9778d1 20%,#cf2aba 40%,#ee2c82 60%,#fb6962 80%,#fef84c 100%);--wp--preset--gradient--blush-light-purple:linear-gradient(135deg,#ffceec 0%,#9896f0 100%);--wp--preset--gradient--blush-bordeaux:linear-gradient(135deg,#fecda5 0%,#fe2d2d 50%,#6b003e 100%);--wp--preset--gradient--luminous-dusk:linear-gradient(135deg,#ffcb70 0%,#c751c0 50%,#4158d0 100%);--wp--preset--gradient--pale-ocean:linear-gradient(135deg,#fff5cb 0%,#b6e3d4 50%,#33a7b5 100%);--wp--preset--gradient--electric-grass:linear-gradient(135deg,#caf880 0%,#71ce7e 100%);--wp--preset--gradient--midnight:linear-gradient(135deg,#020381 0%,#2874fc 100%);--wp--preset--font-size--small:13px;--wp--preset--font-size--medium:20px;--wp--preset--font-size--large:36px;--wp--preset--font-size--x-large:42px;--wp--preset--spacing--20:.44rem;--wp--preset--spacing--30:.67rem;--wp--preset--spacing--40:1rem;--wp--preset--spacing--50:1.5rem;--wp--preset--spacing--60:2.25rem;--wp--preset--spacing--70:3.38rem;--wp--preset--spacing--80:5.06rem;--wp--preset--shadow--natural:6px 6px 9px rgba(0,0,0,.2);--wp--preset--shadow--deep:12px 12px 50px rgba(0,0,0,.4);--wp--preset--shadow--sharp:6px 6px 0px rgba(0,0,0,.2);--wp--preset--shadow--outlined:6px 6px 0px -3px rgba(255,255,255,1),6px 6px rgba(0,0,0,1);--wp--preset--shadow--crisp:6px 6px 0px rgba(0,0,0,1);}body{margin:0;--wp--style--global--content-size:var(--wp--custom--ast-content-width-size);--wp--style--global--wide-size:var(--wp--custom--ast-wide-width-size);}.wp-site-blocks > .alignleft{float:left;margin-right:2em;}.wp-site-blocks > .alignright{float:right;margin-left:2em;}.wp-site-blocks > .aligncenter{justify-content:center;margin-left:auto;margin-right:auto;}:where(.wp-site-blocks) > *{margin-block-start:24px;margin-block-end:0;}:where(.wp-site-blocks) > :first-child:first-child{margin-block-start:0;}:where(.wp-site-blocks) > :last-child:last-child{margin-block-end:0;}body{--wp--style--block-gap:24px;}:where(body .is-layout-flow) > :first-child:first-child{margin-block-start:0;}:where(body .is-layout-flow) > :last-child:last-child{margin-block-end:0;}:where(body .is-layout-flow) > *{margin-block-start:24px;margin-block-end:0;}:where(body .is-layout-constrained) > :first-child:first-child{margin-block-start:0;}:where(body .is-layout-constrained) > :last-child:last-child{margin-block-end:0;}:where(body .is-layout-constrained) > *{margin-block-start:24px;margin-block-end:0;}:where(body .is-layout-flex){gap:24px;}:where(body .is-layout-grid){gap:24px;}body .is-layout-flow > .alignleft{float:left;margin-inline-start:0;margin-inline-end:2em;}body .is-layout-flow > .alignright{float:right;margin-inline-start:2em;margin-inline-end:0;}body .is-layout-flow > .aligncenter{margin-left:auto !important;margin-right:auto !important;}body .is-layout-constrained > .alignleft{float:left;margin-inline-start:0;margin-inline-end:2em;}body .is-layout-constrained > .alignright{float:right;margin-inline-start:2em;margin-inline-end:0;}body .is-layout-constrained > .aligncenter{margin-left:auto !important;margin-right:auto !important;}body .is-layout-constrained > :where(:not(.alignleft):not(.alignright):not(.alignfull)){max-width:var(--wp--style--global--content-size);margin-left:auto !important;margin-right:auto !important;}body .is-layout-constrained > .alignwide{max-width:var(--wp--style--global--wide-size);}body .is-layout-flex{display:flex;}body .is-layout-flex{flex-wrap:wrap;align-items:center;}body .is-layout-flex > *{margin:0;}body .is-layout-grid{display:grid;}body .is-layout-grid > *{margin:0;}body{padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;}a:where(:not(.wp-element-button)){text-decoration:none;}.wp-element-button,.wp-block-button__link{background-color:#32373c;border-width:0;color:#fff;font-family:inherit;font-size:inherit;line-height:inherit;padding:calc(.667em + 2px) calc(1.333em + 2px);text-decoration:none;}.has-black-color{color:var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-color{color:var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-color{color:var(--wp--preset--color--white) !important;}.has-pale-pink-color{color:var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-color{color:var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-color{color:var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-color{color:var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-color{color:var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-color{color:var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-color{color:var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-color{color:var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-color{color:var(--wp--preset--color--vivid-purple) !important;}.has-ast-global-color-0-color{color:var(--wp--preset--color--ast-global-color-0) !important;}.has-ast-global-color-1-color{color:var(--wp--preset--color--ast-global-color-1) !important;}.has-ast-global-color-2-color{color:var(--wp--preset--color--ast-global-color-2) !important;}.has-ast-global-color-3-color{color:var(--wp--preset--color--ast-global-color-3) !important;}.has-ast-global-color-4-color{color:var(--wp--preset--color--ast-global-color-4) !important;}.has-ast-global-color-5-color{color:var(--wp--preset--color--ast-global-color-5) !important;}.has-ast-global-color-6-color{color:var(--wp--preset--color--ast-global-color-6) !important;}.has-ast-global-color-7-color{color:var(--wp--preset--color--ast-global-color-7) !important;}.has-ast-global-color-8-color{color:var(--wp--preset--color--ast-global-color-8) !important;}.has-black-background-color{background-color:var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-background-color{background-color:var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-background-color{background-color:var(--wp--preset--color--white) !important;}.has-pale-pink-background-color{background-color:var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-background-color{background-color:var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-background-color{background-color:var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-background-color{background-color:var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-background-color{background-color:var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-background-color{background-color:var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-background-color{background-color:var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-background-color{background-color:var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-background-color{background-color:var(--wp--preset--color--vivid-purple) !important;}.has-ast-global-color-0-background-color{background-color:var(--wp--preset--color--ast-global-color-0) !important;}.has-ast-global-color-1-background-color{background-color:var(--wp--preset--color--ast-global-color-1) !important;}.has-ast-global-color-2-background-color{background-color:var(--wp--preset--color--ast-global-color-2) !important;}.has-ast-global-color-3-background-color{background-color:var(--wp--preset--color--ast-global-color-3) !important;}.has-ast-global-color-4-background-color{background-color:var(--wp--preset--color--ast-global-color-4) !important;}.has-ast-global-color-5-background-color{background-color:var(--wp--preset--color--ast-global-color-5) !important;}.has-ast-global-color-6-background-color{background-color:var(--wp--preset--color--ast-global-color-6) !important;}.has-ast-global-color-7-background-color{background-color:var(--wp--preset--color--ast-global-color-7) !important;}.has-ast-global-color-8-background-color{background-color:var(--wp--preset--color--ast-global-color-8) !important;}.has-black-border-color{border-color:var(--wp--preset--color--black) !important;}.has-cyan-bluish-gray-border-color{border-color:var(--wp--preset--color--cyan-bluish-gray) !important;}.has-white-border-color{border-color:var(--wp--preset--color--white) !important;}.has-pale-pink-border-color{border-color:var(--wp--preset--color--pale-pink) !important;}.has-vivid-red-border-color{border-color:var(--wp--preset--color--vivid-red) !important;}.has-luminous-vivid-orange-border-color{border-color:var(--wp--preset--color--luminous-vivid-orange) !important;}.has-luminous-vivid-amber-border-color{border-color:var(--wp--preset--color--luminous-vivid-amber) !important;}.has-light-green-cyan-border-color{border-color:var(--wp--preset--color--light-green-cyan) !important;}.has-vivid-green-cyan-border-color{border-color:var(--wp--preset--color--vivid-green-cyan) !important;}.has-pale-cyan-blue-border-color{border-color:var(--wp--preset--color--pale-cyan-blue) !important;}.has-vivid-cyan-blue-border-color{border-color:var(--wp--preset--color--vivid-cyan-blue) !important;}.has-vivid-purple-border-color{border-color:var(--wp--preset--color--vivid-purple) !important;}.has-ast-global-color-0-border-color{border-color:var(--wp--preset--color--ast-global-color-0) !important;}.has-ast-global-color-1-border-color{border-color:var(--wp--preset--color--ast-global-color-1) !important;}.has-ast-global-color-2-border-color{border-color:var(--wp--preset--color--ast-global-color-2) !important;}.has-ast-global-color-3-border-color{border-color:var(--wp--preset--color--ast-global-color-3) !important;}.has-ast-global-color-4-border-color{border-color:var(--wp--preset--color--ast-global-color-4) !important;}.has-ast-global-color-5-border-color{border-color:var(--wp--preset--color--ast-global-color-5) !important;}.has-ast-global-color-6-border-color{border-color:var(--wp--preset--color--ast-global-color-6) !important;}.has-ast-global-color-7-border-color{border-color:var(--wp--preset--color--ast-global-color-7) !important;}.has-ast-global-color-8-border-color{border-color:var(--wp--preset--color--ast-global-color-8) !important;}.has-vivid-cyan-blue-to-vivid-purple-gradient-background{background:var(--wp--preset--gradient--vivid-cyan-blue-to-vivid-purple) !important;}.has-light-green-cyan-to-vivid-green-cyan-gradient-background{background:var(--wp--preset--gradient--light-green-cyan-to-vivid-green-cyan) !important;}.has-luminous-vivid-amber-to-luminous-vivid-orange-gradient-background{background:var(--wp--preset--gradient--luminous-vivid-amber-to-luminous-vivid-orange) !important;}.has-luminous-vivid-orange-to-vivid-red-gradient-background{background:var(--wp--preset--gradient--luminous-vivid-orange-to-vivid-red) !important;}.has-very-light-gray-to-cyan-bluish-gray-gradient-background{background:var(--wp--preset--gradient--very-light-gray-to-cyan-bluish-gray) !important;}.has-cool-to-warm-spectrum-gradient-background{background:var(--wp--preset--gradient--cool-to-warm-spectrum) !important;}.has-blush-light-purple-gradient-background{background:var(--wp--preset--gradient--blush-light-purple) !important;}.has-blush-bordeaux-gradient-background{background:var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background:var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background:var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background:var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background:var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size:var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size:var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size:var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size:var(--wp--preset--font-size--x-large) !important;}.wp-block-navigation a:where(:not(.wp-element-button)){color:inherit;}.wp-block-pullquote{font-size:1.5em;line-height:1.6;}.unselectable{-moz-user-select:none;-webkit-user-select:none;cursor:default;}html{-webkit-touch-callout:none;-webkit-user-select:none;-khtml-user-select:none;-moz-user-select:none;-ms-user-select:none;user-select:none;-webkit-tap-highlight-color:rgba(0,0,0,0);}.broken_link,a.broken_link{text-decoration:line-through;}body,body .container-wrap,body .home-wrap,body #page-header-wrap{background-color:#fff !important;}html body,html body p{color:#000 !important;}.entry-title{font-family:open sans !important;font-weight:normal;}#secondary .widget a{font-family:open sans !important;font-size:15px;}#secondary .post-date{font-family:open sans !important;font-weight:normal;font-size:14px;display:block;margin-top:.3em;margin-left:0;}#mc_embed_signup{background:#fff;clear:left;font:14px Open sans,Arial,sans-serif;}#mc-embedded-subscribe-form input[type=checkbox]{display:inline;width:auto;margin-right:5px;}#mergeRow-gdpr{margin-top:5px;}#mergeRow-gdpr fieldset label{font-weight:normal;}#mc-embedded-subscribe-form .mc_fieldset{border:none;min-height:0px;padding-bottom:0px;}@media print{body *{display:none !important;}body:after{content:"You are not allowed to print preview this page, Thank you";}}#wpcp-error-message{direction:ltr;text-align:center;transition:opacity 900ms ease 0s;z-index:99999999;}.hideme{opacity:0;visibility:hidden;}.showme{opacity:1;visibility:visible;}.msgmsg-box-wpcp{border:1px solid #f5aca6;border-radius:10px;color:#555;font-family:Tahoma;font-size:11px;margin:10px;padding:10px 36px;position:fixed;width:255px;top:50%;left:50%;margin-top:-10px;margin-left:-130px;-webkit-box-shadow:0px 0px 34px 2px rgba(242,191,191,1);-moz-box-shadow:0px 0px 34px 2px rgba(242,191,191,1);box-shadow:0px 0px 34px 2px rgba(242,191,191,1);}.msgmsg-box-wpcp span{font-weight:bold;text-transform:uppercase;}.warning-wpcp{background:#ffecec url("https://cdn-cecnl.nitrocdn.com/VDIhzVvKyfisUnxmIEZtErIZlsZmMNZY/assets/images/optimized/rev-5a2c454/www.alpinumim.com/wp-content/plugins/wp-content-copy-protector/images/warning.png") no-repeat 10px 50%;}.warning-wpcp.nitro-lazy{background-image:none !important;}

Asian USD High Yield Corporate Bonds

Recent Posts

Yields remain attractive in context with downside risk

Elevated income buffers adverse market development

Income on European loans in context with default losses

Income on European loans in context with default losses

Record-high yield breakevens protecting return accruals

Contact

Quick Links

Sitemap

Sign up