Thursday’s Big ThemeChina has created an interest-rate benchmark that should help local debt issuers access international markets. But weaker companies won’t see much benefit. What’s HappeningChina last week sold $3 billion of dollar bonds maturing in five, 10 and 30 years, in only its third such sale since 2004. The bonds were priced to offer similar yields to roughly comparable debt from heavyweight U.S. companies such as Apple and Microsoft.

Source: Wall Street Journal October 18, 2018 05:54 UTC