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Market Facts — September 19, 2000

Emerging Markets Debt versus U.S. Domestic High Yield Debt: What is the Bigger Risk? For the first time ever the yield of U.S. domestic high yield debt is higher than the yield of emerging market debt. Why?

Open Emerging Markets Debt versus U.S. Domestic High Yield Debt: What is the Bigger Risk?
For the first time ever the yield of U.S. domestic high yield debt is higher than the yield of emerging market debt. Why?