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Default Risk Fades in Emerging Markets as Riskiest Bonds Soar

(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

Default Risk Fades in Emerging Markets as Riskiest Bonds Soar
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Morgan Stanley Sours on Kenyan Debt as Angola Offers Opportunity

(Bloomberg) Morgan Stanley is turning cold on Kenyan assets as deadly protests rattle the nation’s capital, urging investors to look south for opportunities in Angola after a recent currency devaluation.Most Read from BloombergChina Replaces Foreign Minister After Mysterious AbsenceRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley Says‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaTwitter Turning Into X Set to Kill Billions in Brand ValueMusk Explain

Mexico Shadow Bank s Collapse Leaves Some Investors in Dark

(Bloomberg) Bond investors in Credito Real SAB are crying foul after being left in the dark for more than a year in one of the largest corporate blowouts in Mexico’s recent history.Most Read from BloombergHedging Failure Exposes Private Equity to Interest-Rate SurgeThese Are World’s Most Expensive Cities for High-Class LivingForty Hours of Oxygen Left for Titanic Vessel That’s MissingAlibaba Names Tsai Chairman, Wu CEO in Surprise Shake-UpSingapore’s Grab Plans Biggest Job-Cut Round Since Pan

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