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Time to buy BRICS Debt according to Pimco

The moment has arrived to jump back into emerging market debt. With stimulus pullback talk circulating in the U.S., investors can get better yields in emerging markets according to Pimco. According to the co-head of emerging markets at the firm, “If the global growth environment remains weak, it is likely that the interest rate
increases priced in most EM local curves will not materialize, making it
advantageous for the bond investor to lock in yields now.”

                               (Image source: Forbes)