Another Problem ‘Emerges’

Ok, so with everyone (including and especially Jeff Gundlach) focused on high yield and the possibility that junk bonds might well be the canary in the coal mine for a risk rally that's got more lives than a villain from a bad slasher flick, the next logical place to look for trouble is EM. And more specifically, EM debt. This is another one of those trades that people have been warning about for months and on top of that, the ETFs in this space are another example of a liquidity mismatched nig