Inflation Flip Gives Emerging Markets Edge Over Rich Nations

Gains in some markets, including Hungary, Brazil and Egypt are topping 20%. A rare turn in global inflation trends is expected to inject fresh momentum into this year’s rally in emerging-market bonds. Most Read from Bloomberg Morgan Stanley Investment Management Inc. and Ninety One Plc are among the money managers positioning for further gains in emerging local-currency debt, on a view that central banks will have room to cut interest rates faster than in the developed world. It would add another dimens ...