Investors adopt a holding pattern on China's property-dominated high-yield bonds

Following the latest high-profile Evergrande Group default, investors are remaining underweight in Chinese property high-yield bonds - but only for now. Some are simply biding their time before adding selective names, analysts told AsianInvestor. China high-yield bonds issuance slowed in the first half this year. However, the country, together with its property developer issuers, is still the main driver behind the Asia bond market where investors are still seeing a higher yield a…