US/China Trade War

Market nervousness regarding the US/China trade war may have reached a temporary peak and has calmed down. At the same time, the yield spread between Asian USD High Yield Corporate Bonds (yield-to-worst 7.7%) and Global USD High Yield Corporate Bonds (yield-to-worst 5.6%) has increased from 1.3% in April 2019 to 2.1% today and offers an attractive window for Asian USD High Yield Corporate Bonds.

US/China Trade War
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