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China property continues to outperform

Posted on 27 June 2012

Asia’s credit markets endured another quiet day, but with the price action again resilient in the face of poor US equity market price action overnight as deep skepticism towards the upcoming European summit dented sentiment.
The iTraxx series 17 is ending 2bp wider at 185bp/187bp on thin two-way flow. Spanish 10-year bonds are holding in decently at 6.68% at the open and help explain the solid end to the day’s trading………………………………………..Full Article: Source

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