Emerging Markets Rush to Issue Bonds as US Yields Decline
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Emerging-market borrowers crowded into the bond market Monday in the busiest day for sales of such debt this year.
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Issuers jumped at the opportunity to lock in lower yields after a rally in benchmark US Treasuries.
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Governments and corporations were among at least 10 issuers that tapped the bond market.
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It may be a small window of opportunity, given the uncertain outlook for US inflation.
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Many Latin American issuers with refinancing needs had been waiting for rates to go lower.