Natasha Doff and Cecile Gutscher

Investors Fleeing Junk See Less Risk In Emerging-Market Debt

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Investors tired of the measly returns in junk bonds are shifting their money to emerging-market debt.

Morgan Stanley Says Don’t Believe Hype Over Trump and Le Pen

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Trumponomics may promise more than it delivers, says the firm, while Europe may do better than expected.