2 days ago
Fiscal Deficit Fears Give a Surprising Boost to Asian EM Bonds
Bond investors worried about rising fiscal deficits are turning to an unusual haven: emerging markets.
While long-dated bonds in developed markets have come under pressure this year as investors grow wary about government spending, emerging-market bonds in Asia have become a hot pick. Yields have tumbled, foreign funds have flowed in and recent debt auctions have enjoyed strong demand, unlike a number of prominent developed-market sales from the US to Japan.
