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J. Safra Sarasin: EM local currency bonds look attractive

J. Safra Sarasin believes that emerging market (EM) local currency (LC) bonds are attractive at current valuations since downside risks are “well contained”. “Emerging markets are currently going through a good moment in terms of improving economic activity,” the bank said in its latest investment note, adding however that not all EM asset classes are benefiting to the same extent….

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