Despite the escalation of the crisis in the euro-zone, which has taken a heavy toll on bonds issued by troubled governments within the region, the dollar-denominated sovereign debt of emerging market countries on the fringes of the single currency area has performed strongly so far in 2012. Nonetheless, we doubt this will remain the case.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.