Emerging debt-Spreads tighten as stocks hit record highs

(Reuters) - The absence of relevant negative news from the U.S.
subprime mortgage crisis and renewed confidence in the world's
largest economy encouraged investors to increase exposure to
risky assets.




Yield spreads between emerging debt and U.S. Treasury
notes, an important measure of risk aversion, tightened 5 basis
points to 165 basis points, according to JP Morgan's EMBI+
index .


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