Emerging market debt sales hit January record despite elusive flows

Sovereign debt sales from developing nations scaled a record for January at $47 billion, which led by major and less risky emerging markets but a lack of investor flows into dedicated funds could curtail a nascent recovery for riskier issuers.

The start of the year – generally a busy time for debt sales of all sorts – has seen Saudi Arabia, Mexico, Hungary, Romania and a raft of others deliver some big-ticket bond issuance.

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