Source:BBC - Solar panel maker Shanghai Chaori Solar Energy Science Technology has defaulted on interest payments owed on its bond, say media reports quoting the firm. It is the first Chinese firm ever to default on its onshore corporate bonds. On Tuesday, the firm warned it would be unable to make
1.52 PM Apr 4th
Yes Bank looks good, there is a considerable decline in CD rates. Corporate Bonds yields are lower than December 31st, which if it stays till end of march will give some bond profits to yes bank to book in Q4. From April onwards it is assumed that liquidity situation will improve, Call rates
7.15 PM Mar 24th
Source:Wall Street Journal - SHANGHAI--China's shares ended slightly lower Friday as investors' concerns over the possibility of more corporate-bond defaults cut the appetite for risk. Investors also showed caution ahead of data on trade and inflation due over the weekend.
4.13 PM Mar 7th
of the woods, CDs are still extremely costly near 9.8%. Corporate Bonds still 9.8% and Bond yields still 8.8%. Yes Bank has highest bond portfolio which makes it less attractive when yields are high. But once they begin to decline, Yes Bank will sky rocket. Now Yes Bank borrowed a lot from CD market, lately
6.50 PM Mar 6th
The fundamentals suggest 450 target, but we need momentum and triggers to reach there. Too high Bond yields, 8.8%, CD(wholesale deposits) @ 9.8%, Corporate Bonds @ 9.8%, these idotic levels must fall, which may happen from April as liquidity eases. And with good results, stock may goto 450 too. One
6.42 PM Mar 6th
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