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(Bloomberg) -- Investment grade bonds from select emerging market sovereigns are solid defensive bets if the US slips into recession and China’s economy worsens, according to Vanguard Asset Services.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketWhy China Is Avoiding Using ‘Bazooka’ to Spur Economy“In a situation where a US recession takes

Vanguard’s Nick Eisinger said investment grade emerging markets debt could be good “rainy day exposure” if the U.S. falls into a recession.

Gabon's military coup sparked the steepest daily drop in its dollar bonds on Wednesday since the height of the COVID-19 pandemic and came just weeks after the country carried out continental Africa's first debt-for-nature swap.

Gabon's military coup sparked the steepest daily drop in its dollar bonds on Wednesday since the height of the Covid-19 pandemic and came just weeks after the country carried out continental Africa's first debt-for-nature swap.

Turkey has under-delivered on rate hikes for a second month, but foreign investors are as yet unfazed and expect fresh money flows, cooling domestic credit and rising currency reserves to provide some...