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Search for yield to hold EM debt steady

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Market anticipation of lower rates for longer globally leave emerging markets as one of the last outposts available to investors for generating income.

A MODERATELY more hawkish Federal Reserve, which on Wednesday opened the door wider for a December rate hike, will perhaps stall a recovery in emerging market currencies.

But the global search for yield will most likely keep dollar-denominated emerging market debt from retreating in price

sentifi.com

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