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Bank of Singapore: ‘Goldilocks’ period for EM bonds coming to an end

Bank of Singapore says the ‘Goldilocks’ environment for emerging market (EM) bonds may be coming to an end. The bank said in an investment note that while it is “not so bold as to call an inflection point in the [EM bonds] market”, it believes there is a need to reduce overall portfolio duration and “move up in credit quality”….

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