(Bloomberg) The risk of government defaults in emerging markets this year is subsiding, stoking a rally in bonds that were just recently teetering on collapse and propelling junk-rated sovereign debt to its best start to a year since 2019.Most Read from BloombergThese Are the Best Countries for Wealthy ExpatsBillions Pour Into Nigeria as Tinubu’s Reforms Start to Pay OffIs Now the Right Time to Invest in Bitcoin?Slow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsThe $1 Trill
Default Risk Fades in Emerging Markets as Riskiest Bonds Soar bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
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(Bloomberg) Global investors are ramping up bets in some of the world’s riskiest bonds, convinced the debt will extend its spectacular rally as the threat of default subsides in emerging markets.Most Read from BloombergApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteTaiwan Elects US-Friendly President, Defying China WarningsBill Ackman Is Bringing Activist Playbook to America’s Culture WarsTrump Leads Haley With 48% in