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Global investors are unwinding bets on local-currency bonds as some emerging-market central banks come under pressure to raise interest rates – rather than cut them as widely anticipated just weeks ago.
Rate-Hike Risk Creeps Up on Emerging Markets as Bond Bets Fizzle 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.