While EM debt credit spreads are clearly less appealing than they were in 2023 and early 2024, yield levels remain attractive, driven by higher underlying U.S. Treasury yields.
'We're in an aggression situation: Rwanda invaded east DRC with no meaningful self-defence argument'
He compares the war in the east of the DRC to Russia's invasion of Ukraine and blames the escalating conflict on the world's refusal to "hold Rwanda accountable".
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