All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, down 0.6 cents on the dollar to 62.6 cents at 1:45 p.m. in Hong Kong, its biggest decline in more than three weeks. Of the four bonds, three were trading below the 80 cents-on-the-dollar mark typically considered distressed.
Tech view: Breakdown below 24,400 may open doors for 24k in Nifty. How to trade tomorrow
A long bear candle has been formed on the daily chart, indicating a decisive downside breakout of 24,600-24,500 levels. Nifty is currently weakening after forming