Emerging-Market Distressed Bonds Have Worst Month in Year

Emerging-market distressed debt had its worst month in more than a year in August amid banking turmoil in South Africa and Turkey, a coal-industry rout and the conflict in Ukraine. The bonds tumbled 5 percent, the biggest decline since a 6.54 percent loss in June 2013, according to Bank of Ameri…

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Emerging-Market Distressed Bonds Have Worst Month in Year

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