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UBS GWM looks for point of re-entry into Asian bonds

As the year-to-date rally in Asian high yield continues to heighten valuations, UBS Global Wealth Management holds a neutral view on fixed income in the region and is looking for attractive points of re-entry. “After the momentum we saw behind Asia HY in 1Q19, spreads of both HY and IG moved sideways as investors began to evaluate whether the shrinking…

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