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BONDS

Fund managers expect low defaults, global growth pick-up next year

BlackRock sees some breathing space for debt-laden issuers and positive development for equities

Singapore

THE Singapore dollar high-yield bond market has experienced wider spreads and some defaults this year but the recent recovery in crude oil prices will give debt-laden issuers some breathing space, asset manager BlackRock's head of Asian credit Neeraj Seth told a media briefing

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