Emerging-Market Bonds See Biggest Yield Jump Since Trump Victory
- Selloff gains pace as average bond duration crosses six years
- Average EM borrowing costs climb to a four-month high
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Slowly but steadily, a selloff is taking hold in developing-nation bonds.
A Bloomberg Barclays Index of hard-currency emerging-market bonds has fallen for six straight days, capping the biggest weekly yield jump since last year when Donald Trump’s victory spurred a selloff in risk assets. The gauge shows average borrowing costs for governments and companies in developing nations have risen to a four-month high of 4.68 percent.