Emerging-market investors reportedly dial back their riskiest bond bets
Bloomberg reports that Aegon USA Investment Management and JPMorgan Asset Management are among investors pulling back amid a deepening global credit selloff.
TLDR
Bloomberg reports that emerging-market investors are reducing their riskiest bond bets as US yields soar. The shift includes Aegon USA Investment Management and JPMorgan Asset Management. A deepening selloff in global credit markets threatens to derail a strong run for developing-world debt, the outlet says.
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