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China Evergrande Fallout Hits Western Bond Funds – The Wall Street Journal

Bonds of other property developers dropped sharply on concerns of contagion in Chinese credit markets

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The potential default of real-estate developer China Evergrande Group is taking a toll on funds in Europe and the U.S. that chased high yields in the Chinese corporate bond market. 
Concerns that Evergrande might not pay its bonds this month triggered selling…

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