Emerging market local-currency bonds rise as developed government bonds sell off
Developed government bonds are selling off, while emerging market bonds—particularly local-currency issues—are holding up. The iShares J.P. Morgan EM Local Currency Bond ETF has gained more than 3% this year.
By Craig MellowGovernment bonds are selling off all over the world, at least all over the developed world.
Emerging market bonds are a different story, particularly those issued in local currencies.The iShares J.P.
Morgan EM Local Currency Bond exchange-traded fund has gained more than 3% this year…