Morningstar: T. Rowe Price vs MFS in global EM bonds

A market in Colombia. Photo by Carlos Zuluaga/Pexels.
A market in Colombia. Photo by Carlos Zuluaga/Pexels.
Emerging-markets hard currency bonds have delivered positive returns for USD investors in every quarter of 2025. However, European-based investors faced negative returns in the first half of the year due to a stronger euro.

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