After nearly a two-year bust, the emerging bond market has bounced back and is now looking like a lu...
After nearly a two-year bust, the emerging bond market has bounced back and is now looking like a lucrative investment. The market is expected to rally next year. Julian Adams, head of emerging market debt at Aberdeen Asset Management, says: 'The market has been spooked by the global recession and the Argentinian crisis. Now these are out the way, the market has turned bullish. The spread on emerging bonds is currently at 800 basis points over treasuries so investors are looking at interest of around 13% in a 2% global environment.' The struggling Argentinian economy has been a problem ...
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