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U.S. corporate bonds perk up after stock selloff

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Reuters

CHICAGO (Reuters) – Like the U.S. stock market, the nation’s corporate bond market on Tuesday steadied one day after fear of contagion risk from debt-troubled China property developer Evergrande rattled global financial assets. Amid caution ahead of Wednesday’s Federal Reserve policy announcement, Wall Street clawed back some losses from Monday’s selloff and corporate debt offerings were returning after being sidelined by the market volatility, according to Refinitiv’s IFR. [.N] The iShares exchange-traded fund tracking high-yield corporate bonds, which fell 0.35% on Monday, was up about 0.17%…

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