Fixed income: Debt set for rally, say analysts

Cash rich investors are looking to put their money to work

After a tough second quarter, analysts predict that central and eastern European debt will rebound in the second half of the year.

Fears of steep US rate rises led to a dip right across the emerging market universe in March and April. The JPMorgan emerging market debt index widened by about 60 basis points from the middle of March to the middle of April.

However, sentiment is now improving, and some new issues are coming to market.

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