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Seeking Alpha 2021-09-22 01:53:20

Evergrande to make Thursday bond payment; S&P 500 futures pop higher

Bloomberg reports that Hengda Real Estate - the main unit of troubled Chinese property developer Evergrande - will make its Thursday bond coupon payment. This hardly means Evergrande is out of the woods - indeed a restructuring at some point still remains likely - but a disorderly unwind seems off the table at the moment. S&P 500 (SP500) futures have added about 30 points, now up 0.3%. Another risk asset on the move ... Bitcoin (BTC-USD) has jumped to $42.5K after earlier this evening tumbling as low as $39.5K.

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