Oil Shock Upends Emerging Bond Bets as Rate Hikes in Prospect

Investors are scrambling to reassess interest-rate bets as oil whipsaws, upending one of the best trades in emerging markets.

By Kerim Karakaya, Vinicius Andrade · Bloomberg Markets

Investors are scrambling to reassess interest-rate bets as oil whipsaws, upending one of the best trades in emerging markets.