Shuli Ren, Columnist

Is the Recession Red Flag Waving at Emerging Markets?

A predictor of past downturns is flashing a warning sign. There may be more room for a recent rally to run, but we all know how this movie ends.

March 24, 2019 at 10:00 PM UTC

By Shuli Ren

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

We know how that story ended.
Photographer: Chris Hondros/Getty Images

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Bond traders haven’t been feeling this chipper for a long time.

Emerging-market dollar bonds are in full bloom this year. Investors who bought into Asia’s high-yield debt not only have recuperated from last year’s bruising losses, but gained some, too.