EM sovereigns home and hosed for the holidays
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EM sovereigns home and hosed for the holidays

AdobeStock_emergingmarketS_575x375_19Aug2020

The coronavirus pandemic means many parts of the US are experiencing an unusual festive period. But emerging markets sovereigns broke another Thanksgiving tradition by flooding primary bond markets with new deals on what is usually a quiet week for new issues — even as levels of stress are rising sharply at the riskier end of the asset class. Oliver West and Mariam Meskin report.

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