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Desperate Need for Yield Pushes Investors Into Frontier Debt

  • Frontier-market bonds erase 2020 losses amid juicier yields
  • Asset class may offer double-digit returns, NN Investment says
General Economy In Ghana's Capital Amid African Bond Rally Miss
Photographer: Cristina Aldehuela/Bloomberg
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It says a lot about the state of global financial markets when countries such as Ghana, Senegal and even Belarus are being touted as the best places for investors to pick up returns in 2021.

But, with the latest signal from the Federal Reserve that U.S. rates will stay lower for longer, the highest-yielding -- and riskiest -- corners of the world’s bond markets are being tipped as a top investment choice for the coming year. And this, after likely clocking up their smallest annual gain in five years.