The Hunt for Higher Yield: Investors Pour into Emerging Market Debt

The never-ending hunt for higher yield is leading investors to bet record amounts on emerging market debt. In just the first two weeks of 2012, governments of undeveloped economies from Asia to Africa sold more than $30.6 billion in dollar-denominated bonds according to Bloomberg News. That's up from roughly $19.9 billion in the same period last year and the most since 1999, when Bloomberg began collecting data. Typically, investors shun emerging market bonds during times of

emerging market debt