Local Currency EM Bonds Face The Fiscal Cliff
December 07, 2012 at 07:23 AM EST
The dreaded fiscal cliff, should it come to pass, could have an adverse impact on myriad asset classes. From dividend stocks to high-yield bonds to select commodities, riskier assets of all stripes could come under pressure if U.S. policymakers cannot avert the GDP-draining fiscal cliff. One of investors' favored asset classes