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Welcome to the Great Emerging-Market Schism: A Virus-Made Split [Yahoo! Finance News]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
) --A two-track world is starting to establish itself in emerging markets.Not only are the stocks, bonds and currencies of the developing economies reacting to the Covid-19 pandemic in very different ways, but the fallout is quickly creating two distinct camps of winners and losers. Hence, the extra premium investors demand to hold riskier emerging-market debt has ballooned, with the the spread between high-yield bonds and their investment-grade counterparts now close to its widest since 2002, according to JPMorgan Chase & Co.’s indexes. Qatar, Abu Dhabi and Saudi Arabia -- which have single-A or double-A ratings -- accounted for more than a third of developing-nation Eurobond sales this month.“Emerging-market debt broadly reached its lows during March and will ever so slowly continue to recover from here,” said Paul Greer, a London-based money manager at Fidelity International, which manages about $380 billion. “In the near term, the best opportunity set -- with the greatest dollar t Show less Read more
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