The average yield on emerging-market domestic debt fell to a record low after slower economic growth prompted central banks from China to Brazil to cut interest rates.
Yields fell two basis points, or 0.02 percentage point, today to 5.79 percent, according to JPMorgan Chase & Co’s GBI-EM Global Diversified Index. It was the lowest since JPMorgan started to compile the data in 2003. The yields have dropped 49 basis points over the past month.
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