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After a very poor performance in 2022, emerging market bonds have started to rebound. This could be a good time for U.S. investors to at least consider a nibble.

The


iShares J.P. Morgan USD Emerging Markets Bond


exchange-traded fund (ticker: EMB), which invests solely in dollar-denominated debt, lost 18.6% last year, including interest payments. But as of Wednesday, it was up 1.9% in 2023, with a yield of 6.7%.

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