Emerging Market Investors Shun Riskiest Bonds as US Yields Soar
Major investment firms are reducing their exposure to risky emerging-market bonds. This shift comes as rising U.S. yields create volatility in global credit markets.
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 NEXT
More on the wire
AI TLDR
A Texas Public Opinion Research poll shows Democratic candidate James Talarico leading Attorney General Ken Paxton by 5 points in the upcoming Senate race. Talarico holds 49 percent support compared to Paxton's 44 percent.
AI TLDR
Governor Kathy Hochul's administration awarded a $1 billion Medicaid contract without competitive bidding. The project, originally intended to centralize county application processes, has become one of the state's most expensive active contracts.
AI TLDR
Identical twin doctors have returned to their hometown to work in the emergency room where they grew up. The brothers noted their humble beginnings, having grown up without running water.