China Vanke, a major property developer, faced significant challenges with its bonds and shares. Various bonds, including the '22 Vanke 05', experienced sharp declines, with the latter hitting an all-time low. However, the '22 Vanke 05' bond rebounded by 25% after rumors of debt negotiation were denied. Despite this, other bonds like the '21Vanke04' also saw substantial drops, leading to trading halts. Vanke's shares dropped around 5% in mainland and Hong Kong markets, prompting concerns about its debt repayment abilities.
🔴 CHINA 30-YEAR GOVERNMENT BOND YIELD FALLS TO RECORD LOW OF 2.39% IN EARLY TRADES.
❖ US 10-YEAR TREASURY YIELDS FALL TO 4.110%, LOWEST SINCE FEBRUARY 8
China Vanke Shares, Bonds Hit New Lows on Debt Worries https://t.co/2YdhseYPNK Bonds are forecasting a default at present.
The 10-year Treasury yield is down 6 bps this morning to 4.148%, that's down about 20 bps from its 2024 high made on 2/23.
10-Year Treasury yields are down ~6 bps currently @ 4.16%. https://t.co/xPZj6nX7ld
Shares and bonds of China Vanke Co. Ltd., the country’s second-biggest property developer by sales, hit record lows Monday on renewed concerns that the company may need more breathing space to repay creditors https://t.co/RxVqD3St5q
Property developers China #Vanke's shares, bonds saw massive sell-off on Mon after media reports triggered market concerns about its debt The Wire >> https://t.co/haGgRmRP6L https://t.co/hux9rsH3qQ
'21Vanke04', a 3.7% 2026-due onshore bond of China #Vanke, tumbled by 20.5% and triggered a trading halt in the afternoon session. A Vanke 3.5% 2029-due dollar bond drops by 5.3 cents to 39.6 cents, the most decline in a year. https://t.co/wI1DroWnh6
⚡Vanke's onshore bond '22 Vanke 05' rebounded by 25% on Monday after New China Asset denied the rumor that Vanke was negotiating with the asset manager for an extension on 10 billion yuan in non-standard debt. Vanke's shares drop around 5% in mainland and HK. https://t.co/eKDEtZga33
China Vanke RMB bonds USD China Vanke 3.975% 09Nov2027 trading at 54.5 bid For an SOE not a good look https://t.co/7wHeLYZtGn https://t.co/hBiWg0IX0y
Various domestic bonds of #Vanke witnessed sweeping declines on Friday. Among these, '22 Vanke 05' plunged 6.7% to an all-time low of 74.2 yuan, accumulating a weekly loss of 9.2%, which marks the most significant weekly downturn in the bond's history. #China #Realestate