Market Extra: Why the emerging-market bond boom could suffer from Trump’s tough trade talk

The debt of emerging-market countries continues to benefit from an investing landscape where yield-hungry investors remain willing to hunt for richer returns outside the U.S.

But as investors rush into the debt issued by emerging-market governments, bond-buyers don’t appear to be showing sufficient caution, some market participants said. They say the specter of antitrade rhetoric, led by the U.S., could dent an asset class that has enjoyed a resurgence since 2016, when anemic prices for raw materials and a crash in oil prices ravaged commodity exporters.

“There is the cast of protectionism in the U.S., that’s not a good sign for emerging countries.

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