EM breaks new boundaries as cash keeps rolling in

Emerging market bonds hit top gear this week, as investors lapped up a number of remarkable deals. Chief highlights were a first negative yielding trade in euros and the longest ever sub-Saharan African tranche. With rates set to stay low and no risk event so far capable of knocking issuance off track, the prospect of more astonishing new issues is high as cash floods into the asset class, reports Ross Lancaster.