China Junk Bonds Suffer Worst Slide of 2023

The transcript discusses recent trends in the bond market, highlighting a three-day decline and the volatility experienced over the past two years. It focuses on the financial struggles of Wanda, a major player in commercial real estate, and its inability to raise sufficient funds to meet bond payments. The discussion also touches on other real estate companies like Greenland and Sino Ocean, which are facing similar financial challenges. The market's reaction to these developments is characterized by significant volatility, influenced by concerns over defaults and potential policy changes from Beijing.

What factors contribute to the concerns about defaults in the market?

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Discuss the volatility observed in the bond market over the past two years.

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