When we look at Emerging Markets eventful history at the capital market, we find that nearly each has defaulted on a sovereign bond - even the United States at the time when it was a developing country. Today, the US is considered a safe harbor in the investing world, and countries that are now tagged Emerging Markets trade at razor-thin margins over US Treasuries. Nevertheless, high yields coupled with low co-movement with established asset classes put Emerging Market Debt in the spotlight - massive capital inflows entailed a sharp compression of spreads towards less risky assets. Is this...
When we look at Emerging Markets eventful history at the capital market, we find that nearly each has defaulted on a sovereign bond - even the United ...
