61.   Slowly he is buying Brazilian and other emerging market debt again.

62.   Since then, emerging market debt has closed tracked movements in U.S. stocks, rather than Treasury bonds, which it normally does.

63.   Since then, emerging market debt has closely tracked movements in U.S. stocks, rather than Treasury bonds, which it normally does.

64.   Soaring U.S. Treasury bond prices drove up emerging market debt with big gains early in Bulgaria and Russia and later in Latin America.

65.   Since then, the plunge in Asian financial markets has eroded demand for emerging market debt, while increasing the borrowing costs to issuers.

66.   Still, Daza argued that emerging market debt remains attractive.

67.   That preference is transforming the market for emerging market debt as more and more Brady bonds are retired and a slew of new global bonds and Eurobonds are sold.

68.   That anticipation proved false as retail sales rose unexpectedly and U.S. bonds and emerging market debt fell.

69.   The bonds are named after a former U.S. Treasury Secretary who came up with a plan to refinance emerging market debt.

70.   The bank said last month its fourth-quarter earnings were hurt by wild gyrations in the prices of assets it trades, including emerging market debt.