SUN Market Depressed Along with Stock Exchange. Market participants are worried about the impact of Evergrande’s situation in China, which is facing the threat of default on debt payments. Evergrande is the second largest real estate company in China, with total liabilities of more than USD 300 billion. The benchmark short tenor government bonds (SUN) series FR0086 recorded a yield increase of more than 2 bps, with 2-year and 5-year CDS up more than 20% each.
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