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Emerging Markets April 08, 2021 / 09:52 am UTC

EMs and the Taper Tantrums

By Charu Chanana
The recent rise in U.S. 10-year yields has brought back painful memories of the 2013 Taper Tantrum for many emerging markets (EM), especially for the “Fragile Five” of Brazil, India, Indonesia, South Africa and Turkey.