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BoS: Better outlook for EM as investors get comfortable with rate hikes

Bank of Singapore has a more positive outlook on emerging market (EM) bonds as investors are getting more comfortable with the trajectory of rate hikes and rising inflation. “Top-down sovereign and bottom-up company-specific fundamentals remain broadly supportive of EM bonds,” Todd Schubert, head of fixed income research at Bank of Singapore, told Asian Private Banker. “Additionally, the twin deficit (current…

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