Rough-riding EM bonds

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The FT has an email headline this morning that says:

Screen Shot 2015-04-22 at 06.38.48

Maybe it's just early in the morning.

Maybe I am getting electioned out.

But I read that as 'Ed Miliband bonds'.

"What?", I thought "Is he issuing bonds already?"

No, 'EM' is 'emerging markets'.

Oh well; I moved on.


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