Sovereign dollar bonds extend rally on Fed rate-cut hopes

By BUUMBA CHIMBULU  SOVEREIGN dollar bonds, the best-performing asset class in emerging markets since 2008, are on track for another strong year as expectations of US interest-rate cuts drive renewed demand for higher yields. According to Bloomberg, investors poured a record US$265.25 million in a single day into BlackRock’s iShares JP Morgan USD Emerging Markets […]