(Bloomberg) -- Returns on Asian dollar bonds have dropped so far this month, according to JPMorgan Chase & Co. indexes, and a further slide in bond prices threatens to make it the worst month of 2017.
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Spreads on Asian investment-grade bonds have come off a decade low reached in October, and yields on speculative-grade notes rose to a three-month high on Tuesday. A move by investors to lock in profits and more issuance by borrowers in the region toward year-end will keep a cap on performance for the rest of 2017, according to Anne Zhang, executive director for fixed income, currencies and commodities at JPMorgan Private Bank in Hong Kong.
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