Greenland Holdings and Jiangsu NewHeadline Development completed aggressively priced dollar bond offerings on Monday, taking advantage of quiet markets and relatively strong momentum.
The concept of a summer holiday appears to have passed Asia by this year, following $1.85 billion of issuance from four G3 bonds last week and the prospect of heavy supply over the coming two weeks as issuers rush to market ahead of possible Fed induced volatility later this month.
Treasury yields spiked late last week following Janet Yellen's hawkish speech, which raised the odds of interest rate increases in either September, December or both. By the end of the week 10-year Treasuries...
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