To Gauge QE Effects On EM Assets, Watch How Fast Safe Asset Yields Rise

The Jackson Hole Economic Policy Symposium attracted the world’s most-watched central banks, and as expected, policymakers kept their cards close to their chests, doing their best to avoid dropping clues about what they’re going to do next as far as quantitative easing goes. Emerging markets investors were especially interested in hearing what European Central Bank President Mario Draghi had to say. Investors and economists alike have been watching QE effects on EM assets, and the

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