“. It is very likely that Evergrande will default on this payment “
Evergrande said last week and before they would not be able to make the interest payments on debt repayments due this week - hence the share proce and hence the bond prices continued to be shredded
Btw - China injected 100 billion yuan into markets via liquidity repos Friday night
Chinese interest rate decision is usually today as well
DCN Price at posting:
21.5¢ Sentiment: Sell Disclosure: Not Held