A woman holding a sign that reads "IMF, get out" during a protest in Buenos Aires on July 26. Argentina requested for a US$50 billion line of credit from IMF on a standby arrangement.
EMERGING market (EM) bonds were one of the best performing fixed income segments in 2016 and 2017. The strong performance is reflected in a fall in bond yields. Bonds' yields and prices have an inverse relationship.
Yields of EM bonds fell to a low of 4.9 per cent in 2016 and 5 per cent...