Go local on emerging debt: Morgan Stanley
Unit expects domestic sovereign bonds to outperform dollar-denominated bonds
Singapore
SIX months after picking winners in Indonesia's rupiah and Malaysia's ringgit, Morgan Stanley's asset management arm is becoming bullish on the local-currency debt of developing nations.
Morgan Stanley Investment Management expects domestic sovereign bonds to outperform their dollar-denominated counterparts as a likely bottoming out of oil prices in the second quarter boosts demand for higher-yielding asse…
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