Emerging Market Junk Debt Issuance Surges To New Record As The "Search For Yield" Intensifies
November 14, 2017 at 08:33 AM EST
It seems that the never-ending "thirst for yield" from the world's massive pension funds, combined with the ever-present "cash on the sidelines" problem, is driving the creation of yet another global financial bubble in emerging market junk bonds.