by Calculated Risk on 3/10/2008 10:19:00 AM

From Bloomberg: Emerging-Market Bonds Rise on Speculation of Emergency Rate Cut

Emerging-market bonds rose following a Goldman Sachs Group Inc. research note suggesting that the Federal Reserve will cut rates before its scheduled meeting to shore up the U.S. economy.
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Goldman joined several other analysts who say the Fed may lower interest rates today in ``a more aggressive response'' after the government said on March 7 that employers unexpectedly cut jobs in February for a second month.