Government bonds in some big Asian countries have been buoyed as part of a Federal Reserve-fueled surge in global markets. Investors say there is still value to be found in local-currency debt, suggesting the rally could run further. What’s HappeningLast fall, bonds in some emerging markets were slumping. Benchmark 10-year government bond yields in India, Indonesia and the Philippines all rose above 8% as a strong dollar and expectations for higher U.S. interest rates sapped investors’ appetite for emerging-market bonds.

Source: Wall Street Journal March 05, 2019 05:25 UTC