Risk Sensor: Asian high yield bonds suffer as default risk rises

A 2.76% gain for speculative grade Asian notes denominated in U.S. dollars this year is nearly 2% behind the gain for high grade bonds,  according to data from JPMorgan Chase.  The reversal of fortunes comes as China's economy continues to slow and officials raise expectations of more defaults. (Bloomberg)

Risk Sensor: Study finds high rate of unoccupied housing units in China

Adding another data point to gauge the state of China's property market,  a study by CLSA finds a high 15% vacancy rate in the nation's housing,  leaving 10.2 million units unoccupied.  The report says that total could rise by up to 4 million units annually. (China Daily).