By now you know the drill, if you see this pattern pay attention:
Emerging Bonds: Totally Doomed
From Slope of Hope
Slope blog home
Earlier today:
....Why? A 2% yield in the US 10-year bond would generate a massive outflow of capital from emerging markets, driving their bond yields to unsustainable levels because in the past years these economies have been accustomed to believing that twin deficits and massive imbalances are the way to go....
