41.   International investors bailed out of emerging market debt.

42.   Interest in emerging market debt has been spurred by low interest rates in the U.S. that has set off a worldwide hunt for yield.

43.   It also serves as a broker for mortgage-backed, municipal and corporate bonds, as well as emerging markets debt and futures.

44.   It transforms the market for emerging market debt since it retired more than half of the fixed-rate Venezuelan Brady bonds.

45.   It sparked a financial crisis and international investors bailed out of emerging market debt.

46.   Lannigan, who manages one of the biggest funds devoted only to emerging market debt, said he is fully invested at the moment.

47.   Last month, J.P. Morgan said fourth-quarter earnings were hurt by wild gyrations in the prices of assets that the bank trades, including emerging market debt.

48.   Last week the Dow Jones Industrial Average and U.S. bonds fell and emerging market debt rose, leaving some savvy investors in emerging markets clueless.

49.   Latin American Brady bonds were little changed as emerging market debt traded near record high prices, even as the U.S. Treasury bonds that back them declined.

50.   Loan traders are banding together to make it easier to buy and sell corporate loans, taking their cue from traders of emerging market debt.