A Big Trader of Evergrande Bonds Braces for More Wild Swings
- Credit veteran Michel Lowy predicts a volatile end to 2020
- Evergrande’s liquidity challenges have spooked investors
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After a month of near-constant drama surrounding China Evergrande Group, a sense of uneasy calm has descended on Asia’s biggest issuer of junk bonds.
Michel Lowy says it’s unlikely to last.