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Standard Chartered PB expects EM HC debt to outperform

Standard Chartered Private Bank believes emerging market hard currency debt will outperform global bonds despite idiosyncratic risks. “Although idiosyncratic risks have been a recent focus, the asset class was supported by improved risk sentiment in the past week,” the bank said. “We believe inexpensive valuations and the small weight of countries facing idiosyncratic risks like Argentina (which has only about…

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