The Latest News:
- Shanghai Chaori Solar Energy Science & Technology Co. could be the first China onshore default as the company fails to make a $14.6 million interest payment in full on March 7, Bloomberg reports.
- Investors are exiting emerging market bonds in droves as their respective local currencies depreciate against the U.S. dollar, and moving in to safe assets, reports Landon Thomas Jr. for the New York Times.
- Spanish, Greek and Italian bonds are rallying, with Spain’s bond yields dropping to an eight-year low, Bloomberg reports.
- “There’s been some better news from the euro zone and some of the PMIs were better,” John Wraith, a fixed-income strategist at Bank of America Corp., said in the article. “There’s still not a great deal to shout about but the peripheral economies have still managed to turn a corner. People are still viewing yields even at these historically compressed levels as offering some value.”
PIMCO Diversified Income ETF
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.