Inflationary shock will hit bonds hardest in India, Russia and Mexico
By Marcus Wong and Livia Yap
While the recent spike in inflation in the United States is a sign of things to come for global markets, it could prove particularly bad for investors in Indian, Russian and Mexican bonds.
Fixed-income securities of the three countries appear to be the most vulnerable to any surge in consumer prices, according to a Bloomberg study of 10 emerging markets. Their real…