JPMorgan says EM debt at 'mercy' of Fed, cuts Nigeria from overweight - Reuters

Emerging market sovereign debt is at the "mercy" of the Federal Reserve's interest rate decisions, JPMorgan analysts said in a note on Monday, as the U.S. central bank's rate raises drain capital from developing markets.

LONDON, May 9 (Reuters) - Emerging market sovereign debt is at the "mercy" of the Federal Reserve's interest rate decisions, JPMorgan analysts said in a note on Monday, as the U.S. central bank's rat… [+2341 chars]

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