Another EM Front: Syria Drives CDS Woes

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Another EM Front: Syria Drives CDS Woes

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Emerging markets have endured a two-pronged assault in recent weeks. Concerns about quantitative easing tapering have driven U.S. Treasury yields higher and triggered outflows from EM funds, while fears that China could struggle to engineer a soft landing for its economy have made matters worse for countries dependent on Chinese demand.

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