Emerging-Market Debt Is Looking Better as Bond Market Changes

1. Government finances are deteriorating in the U.S., improving in Mexico. 2. Emerging market bonds have performed well this year, driven by lower U.S. rates. 3. T. Rowe Price's Muaddi warns of high volatility in developed market debt. 4. Trend shows a shift from frontier to investment-grade debt in portfolios. 5. Investor uncertainty remains about global financial stability amid tariff impacts.