What is the Emerging Markets Bond Index? It is a benchmark index created to measure the total performance of government bonds that were issued by emerging market countries. The bonds are considered sovereign (meaning they were issued in something other than the local currency) and the bond must meet structural requirements and have specific liquidity.  Continued

Another term used to encompass bonds issued by less developed countries is emerging market debt . Emerging market debt doesn’t include borrowing from government or  organizations such as private sources or the the IMF, though loans that are issued to market and securitized are included.