Investors drawn to high-yield emerging market bonds
The emerging market rally has further to run despite political risks, stretched valuations and China’s crackdown
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In this article
- Spreads shrinking
- Asian high-yield debt most overvalued
- Asian junk underperforming
- EMs remain attractive relative to developed markets
- Risks remain high
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_350.jpg "Currency exchange rate boards at a bank in Seoul, South Korea (Reuters/Kim Kyung)")