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Bond Market News

Country Garden’s Bonds Drop Over 4-5 Points

Dollar bonds of investment grade Chinese property developer Country Garden fell over 10% on Monday. While no specific reason for the fall was identified,  preliminary data by China Real Estate Information Corp. indicates that the 100 biggest companies in China’s debt-ridden property industry saw a 47.2% drop in sales in February. This compares to a 39.6% drop in January.

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