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Emerging Market Debt (EMD) investors are justifiably rattled by the market volatility of the past few weeks as questions about the spread of COVID-19 (coronavirus) and its impact on economic conditions and markets have dominated headlines. Adding to EM Debt volatility is the oil price war triggered by the breakup of the OPEC+ alliance; the price of crude oil is down 52% this year (as of March 16). Here, we take stock of the market action so far and consider what it means for investors in Emerging Market Debt