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Emerging economies' record debt spree slumps into a freeze as Iran war rocks markets
A record start to the year for emerging-market debt sales has largely ground to a halt as worries over the Iran war create havoc in the markets and push up borrowing costs, bankers and investors told Reuters, a situation that places a number of nations in limbo. The near-freeze underlines the precarious position for many emerging economies that until a month ago had enjoyed booming demand for their debt, defying tariffs and other geopolitical tumult. [...]