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The default of Dandong Port's 5-year....>

CHINA PRESS: The default of Dandong Port's 5-year corporate bond on Monday has
spooked the market, particularly when government bonds have been suffering a
continuous correction recently, the Shanghai Securities News reported Wednesday.
The Dandong Port issued its CNY1 billion, 5-year bond on Oct. 30, 2012 and the
default involves several banks and funds, the report said. With the yield on
10-year government bonds having recently surged to a three-year high of close to
4%, market participants have become cautious, creating selloff pressure on
corporate bonds, the report warned. (Shanghai Securities News)

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