PineBridge's Lau warns US interest rates and China's policy direction 'significant' credit risks in 2022

Default rate depends on Evergrande and Sri Lanka

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PineBridge's Arthur Lau
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PineBridge's Arthur Lau

PineBridge Investments’ Arthur Lau has said he expects the credit default rate in Asia to reduce in 2022 but warned that, more generally, the prospect of rising US interest rates and the heightened property sector risk within China could lead to higher volatility in Asia’s investment grade market.

Lau, who is co-head of emerging markets fixed income at PineBridge, is a portfolio manager on the $272.8m PineBridge Asia Pacific Investment Grade Bond and the $12.8m Asian High Yield Total Return Bond...

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