ECM: ECB propels emerging assets to multi-month highs
LONDON: Emerging local currency bond yields fell to multi-month lows on Monday after the euro zone's extraordinary monetary easing pushed cash into high-yield assets and boosted expectations of rate cuts in the developing world.
Bulls also received impetus from signs of global economic recovery after robust U.S. jobs data and a pick-up in Chinese exports. They have, for the time being, shrugged off U.S. 10-year yields at one-month highs above ..