Emerging-Market Junk Bonds Looking Good? Think Again
Visitors look at screens displaying stock indices at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan. (Photographer: Akio Kon/Bloomberg)

Emerging-Market Junk Bonds Looking Good? Think Again

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(Bloomberg Opinion) -- After a bruising rout, emerging-market junk bonds are scaling a golden mountain. 
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