High-yield debt of companies in emerging markets is so expensive it leads to talk of asset bubbles.
By Ye Xie and Michael Patterson, Bloomberg|February 19, 2013 at 11:14 AM
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Junk bonds of companies in emerging markets are the most expensive in seven years relative to the U.S., underscoring concerns by policy makers from Mexico to the Philippines who say the threat of asset bubbles is increasing.
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