Economic TimesLean R·
Emerging market investors shun riskiest bonds as US yields soar
Emerging-market investors from Aegon USA Investment Management to JPMorgan Asset Management are dialing back their riskiest bond bets as the deepening selloff in global credit markets threatens to derail a stellar run for debt in the developing world.Read more: Wall Street Week Ahead: Jobs report, inflation data to test US rate path, economic strengthDollar debt from countries in the emerging world returned 1.4% over the past year despite the recent turmoil that has sent yields on US Treasuries…
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