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AM Heat Map: European HY gains traction from US HY spillover

Underpinned by lower default rates and stronger technicals, European high yield (HY) bonds have become more attractive to Asian private investors, with US HY retreating over the past few months, according to data provided by fundinfo, the internet traffic data provider. European high yield bond funds currently account for almost 20% of total traffic share, surging from around 7% in…

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