71.   The cost of emerging market debt rose sharply Wednesday, although it, too, rallied a little by the end of the day.

72.   The defaulted loans were restructured into Brady bonds, named after then-U.S. Treasury Secretary Nicholas Brady, which still form the backbone of emerging market debt.

73.   The plunge in some Asian markets in late October triggered wild gyrations in the prices of assets that J.P. Morgan trades, including emerging market debt.

74.   The rally in emerging market debt is buoying a rise in the MAS High Yield Fund.

75.   The steep decline in emerging market debt since the end of October could show up as a big reduction in trading during the fourth quarter.

76.   The turnaround in South Korea has lifted U.S. stocks and indirectly emerging market debt.

77.   Then the devaluation of the peso by Mexico at year-end hit the group hard again, even though most emerging markets debt is dollar-denominated.

78.   There are dozens of such funds to choose from, ranging from general emerging markets debt funds to more specific Latin America debt funds.

79.   They have dropped U.S. bonds as a benchmark and taken up the Dow instead as U.S. bonds and emerging market debt have moved in opposite directions since October.