Government bonds in some big Asian countries have been buoyed as part of a Federal Reserve-fueled surge in global markets. Investors say there is still value to be found in local-currency debt, suggesting the rally could run further.
Last fall, bonds in some emerging markets were slumping. Benchmark 10-year government bond yields in India, Indonesia and the Philippines all rose above 8% as a strong dollar and expectations for higher U.
S. interest rates sapped investors’ appetite for emerging-market bonds.United States Latest News, United States Headlines
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