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(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

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