, Columnist
It's a Very Bad Time to Be in Emerging-Market Debt
Emerging-market debt is being hit by a double whammy.
It’s spreading.
Photographer: Hector Retamal/AFP
This article is for subscribers only.
It’s a terrible time to be a specialist emerging-market debt investor.
The collapse of real-estate company China Evergrande Group stirred contagion fears that have spooked investors. The prospect of faster inflation and rising food prices is expected to prompt central banks in developing countries to tighten monetary policy faster than their developed nation counterparts.