Stimulus: It's Not Just For American Assets Anymore

I was talking with my pal Joe Weisenthal about exactly this madness last night.  “Leakage” is what some are calling it, others are calling it “Emergification”.  Either way, you cannot deny the effect that stimulative policies and yield desperation have had on emerging market bonds.

Behold the lunacy in chart form, via Joe:

Source:

Chart of the Day: This is the Emerging Market Bond Bubble (Clusterstock)

Read Also:

Exporting the Bubble?  Yes We Can!  (TRB)