A stellar year for emerging-market bonds is set to get even better as the return of the "dollar debasement trade" amplifies inflows into the asset class, fund managers say.
Emerging-market bonds have rallied alongside gold and Bitcoin this month as mounting anxiety over the US deficits have spurred demand for alternatives to the greenback. This asset rotation is being driven by fear the dollar will lose its purchasing power, hence the use of the term "debasement."
