Treasuries reprieve buoys emerging markets, but buyers are picky ...Qatar

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Treasuries reprieve buoys emerging markets, but buyers are picky
Even with this month’s retreat in Treasury yields, investors could be forgiven for taking a cautious view of emerging markets. The renewed surge in Covid-19 infections from India to Argentina and political risks in Turkey and Peru have made investors more selective. Citigroup Inc said in a report that the recent plunge in Indian assets is a reminder that the global fight against Covid-19 isn’t over yet for many developing economies, even though an environment of stabilising US yields would bode well for emerging-market currencies and bonds. With the Federal Reserve set to maintain its dovish stance at this week’s policy meeting, investors are looking to snap up assets pummelled by the first

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