APAC Credit Roundup: Weekly Review: Week ended June 18

Research evidence excerpt

APAC Credit Roundup: Weekly Review: Week ended June 18

J P M O R G A N Asia Pacific Credit Research

22 June 2026

APAC Credit Roundup

Weekly Review: Week ended June 18

• Market overview – Mixed macro news Asia Pacific Credit Research

• US HG – Spreads widened with slightly negative impact from FOMC meeting Soo Chong Lim AC

(852) 2800-7387

• Asia financials – Singapore financials outperformed soochong.lim@jpmorgan.com

• China IG – Weekly increase driven by Treasury gains J.P. Morgan Securities AC(Asia Pacific) Limited Matthew Hughart

• China HY – Property outperformed Industrials (852) 2800-6518

• North Asia IG – Modest gains last week matthew.hughart@jpmorgan.com

J.P. Morgan Securities (Asia Pacific) Limited

AC• Asia gaming – Continued recovery trend Alvin Au

• Indian corporates – IG underperforms as supply picks up (852) 2800-8533

alvin.au@jpmorgan.com

• Indonesian corporates – Outperformed across IG and HY J.P. Morgan Securities (Asia Pacific) Limited

Aman Aggarwal AC

(852) 2800-0081

aman.aggarwal@jpmchase.com

Market overview – Mixed macro news Shirley Yau AC

(852) 2800-0566

Asian credit rebounded last week. The JACI gained 0.36% total return last week. shirley.yau@jpmorgan.com

This was largely driven by lower UST yields that more than offset a 1bp widening J.P. Morgan Securities (Asia Pacific) Limited

in credit spreads. The week started on a positive note with news that the US and Iran Emma Xing AC

would sign an MOU to end their 3.5-month-old conflict. This led to lower oil prices (852) 2800-8727

and UST yields. However, the market ceded some gains on a hawkish Fed emma.xing@jpmorgan.com

statement. Weaker China May activity also dampened market sentiment J.P. Morgan Securities (Asia Pacific) Limited

somewhat. EM, Economic and Policy Research

Mahmoud Harb