Credit Rally May Stall as Greed Causes ‘Froth,’ StanChart Says

(Bloomberg) -- The credit rally that has pushed up Asian corporate bonds, handing investors a record 19.6 percent return this year, may be overdone, according to Standard Chartered Plc. “It has all gone too far too fast,” said Vijay Chander, head of credit strategy at Standard Chartered in Hong Kong. “From total Armageddon, markets are almost pricing in total perfection in a year.”

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