Over the past decade, the average credit quality of emerging-market (EM) investment-grade (IG) bonds and US IG corporate bonds have converged to an unprecedented extent. Why? And what does it mean for investors?
Over the past decade, the average credit quality of emerging-market (EM) investment-grade (IG) bonds and US IG corporate bonds have converged to an unprecedented extent. Why? And what does it mean for investors?