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The 2023 Bond Market Winner: Emerging Markets

There has been an unexpected winner in the bond market in 2023: emerging market bonds. This is especially true for emerging market bonds priced in local currencies.

Currently, the gap in government borrowing costs between emerging markets and U.S. Treasuries is at its best level since 2000. The reason is that investors are pricing in imminent interest rate cuts in some big emerging economies, faster and deeper than in developed economies like the U.S.

Here’s how you can profit…

This post originally appeared Investors Alley.