Chinese property bonds plummet to new lows following loss of investor confidence

Yahoo Finance's Jared Blikre discusses the bid prices of Chinese property bonds following a series of bond defaults.

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- Time for our Chart of the Day. And today, we're talking about bonds. And sticking with that, Chinese property bonds, that is, whose prices have plummeted to new lows, with some trading below $0.10 on the dollar. This chart comes to us from the "Wall Street Journal" reflects a loss of investor confidence in the developer sector following a series of bond defaults. The concern here being that the problem could worsen in the coming months, as due dates are fast approaching for the hard-hit industry.