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After rally, emerging market bonds no longer cheap

Some say party can go on, citing stronger fundamentals, receding China fears and strong demand

Singapore

AS emerging markets (EM) bonds hang on to their remarkable rally in 2016, one thing is clear: They are no longer cheap.

Optimists say a domestic recovery within EM economies is taking hold. Fears are also receding over external threats to the EM story, such as a China

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