A research note from Barclays:
- "National property sales in April are likely to record the first year-on-year increase in 2015, pointing to a potential bottoming-out"
- Barclays cite data showing home sales in 32 cities the bank tracks rose 28.3 percent on-year over April 1-28
- "Chinese property bond yields have also declined sharply, suggesting that investors are becoming less concerned over developers' cash-flow positions, and we believe lower market risk premiums are warranted"
Could China have escaped a deeper property bust? Again?
