One of the reasons to invest in Emerging Markets (EM) is the possibility of capturing the upside from rapid structural change.
This past week saw the birth of local currency corporate bonds as an EM asset...
Bond vigilantes 1 – 0 Fed
The US treasury market is already caught up in an almighty battle between bond vigilantes and the Fed.
The bond vigilantes won the first round, when they forced the Fed to U-turn...
