Bond Drought in Emerging Markets Lifts Prices as Sales Slump 41%
New sales of emerging-market government bonds have cratered in the second half of the year despite strong demand from international investors, creating a supply shortage that’s supporting prices before an expected rebound in issuance early next year.

<p>New sales of emerging-market government bonds have cratered in the second half of the year despite strong demand from international investors, creating a supply shortage that’s supporting prices before an expected rebound in issuance early next year.</p>