Despite Rebound, Local Currency Emerging-Markets Debt Still Risky
Despite a slow start to 2014, emerging-markets debt has surged. But U.S. rates and local economic factors pose challenges.
Michael Hood
May 29, 2014
Indian five hundred and one hundred rupee banknotes are arranged for a photograph in New Delhi, India, on Tuesday, June 25, 2013. Indiaís rupee may extend its steepest slide in two decades as a capital flight from emerging markets offsets the benefits of falling oil, according to QuantArt Market Solutions Pvt. Photographer: Prashanth Vishwanathan/Bloomberg
Prashanth Vishwanathan/Bloomberg
