Shamaila Khan, head of fixed income for emerging markets at UBS Asset Management is of the view that instead of a “big bazooka” of stimulus, China has been consistently injecting stimulus in a “slow and measured fashion,” which is not priced into Chinese assets.
The pendular trend is your friend! 😃😃😃😃
I gotta doubt her
nothing special here , higher risk = higher yield or returns
Spot on, market is being incredibly irrational waiting for a mystical fiscal stimulus number all at once … so many policies launched which all add up and will come through in macro numbers over the next year
Shamaila is out of her mind. Or a paid shill for the CCP. Or merely talking up her failing book. China high yield is essentially junk bonds, but sold in a country that will both slowly devalue its currency while injecting ‘stimulus’ for the next 30 years. Hard pass.