(Bloomberg) -- Investors are demanding the lowest premium in three years to own local-currency government bonds in emerging markets rather than developed nations. A gauge of rich-nation sovereign notes is heading for the worst month since at least January 2010 as concern that Donald Trump's spending plans will fuel inflation sparked a selloff in the U.S. and Japan. That helped to narrow the risk premium for emerging markets to 353 basis points, the lowest since July 2013.
To contact the reporter on this story: Srinivasan Sivabalan in London at ssivabalan@bloomberg.net. To contact the editors responsible for this story: Dana El Baltaji at delbaltaji@bloomberg.net, Stephen Kirkland
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