Brexit Alarm Sparks Loss in EU's East as Bonds Downgraded: Chart

Bonds from Poland, Romania and Hungary have underperformed most of their emerging-market peers in April as investors brace for Britain to vote in June on whether to leave the European Union. Commerzbank AG told investors this week they should reduce holdings of central and eastern European bonds most vulnerable to Brexit risk. Citigroup Inc. and Societe Generale SA also warned of potential pressure on the region’s assets.

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