The Middle East conflict adds more uncertainty to the market, analysts said.
he high-yield outperformance comes as a wave of defaults predicted in the wake of Russia's invasion of Ukraine has yet to materialize.
Fresh Covid outbreaks in China, and the government's stringent policy to contain them, are spooking global investors.
A long list of risks could turn a nascent developing markets rally into a false dawn.
Concerns that inflation will persist have grown as costs of oil, coal and natural gas climb, adding to price pressures.
Often tabbed as potential out-performers in the pandemic recovery, emerging market stocks plunged on Monday.
These managers usually focus on developing nations, but they have turned to U.S. Treasurys to preserve capital.
Rising tensions between the U.S. and Iran are roiling emerging markets stocks.
Easing trade tensions provide some relief amid a avalanche of bad news for emerging markets.
Investors have been shaken by fears of a global slowdown, Trump's trade war and the collapse of the Argentine market.
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