After a Rough Start to 2014, the Case for Emerging-Market Debt Improves
Local currency debt may be a value buy in some investment-grade sovereign markets as Treasury yields fall.
Michael Hood
February 28, 2014
An employee uses a machine to count a bundle of 100 Turkish lira banknotes inside a currency exchange office in Istanbul, Turkey, on Monday, Jan. 27. 2014. The lira appreciated the most this month while stocks and bonds erased declines on speculation the central bank will raise interest rates at a surprise policy meeting tomorrow. Photographer: Kerim Okten/Bloomberg
Kerim Okten/Bloomberg
