China Faces Second Bond Default Amid World’s Biggest Debt

China’s corporate bond market is facing its second default after a builder said it may fail to make a payment next week, fueling speculation the government is stepping back from its practice of bailing out borrowers. One-year swaps jumped 17 basis points yesterday to 4.10 percent, the most in a y…

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China Faces Second Bond Default Amid World’s Biggest Debt

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