World's riskiest assets suddenly seem a whole lot more appealing

INSUBCONTINENT EXCLUSIVE:
By Katherine Greifeld and Ben BartensteinEmerging markets look to be in a sweet spot. Developing-nation assets roared back Friday after
riskier investments
It posted its best one-day gain against greenback since October and every major emerging-market currencies advanced
The global economic outlook also received a boost from a better-than-expected US jobs report. While a one-day rally may well be just that,
bulls say developing-nations assets are close to a pivot point
its first buy signal for risky assets since Brexit vote in June 2016
Meanwhile, Citigroup Inc
upgraded developing-nation shares, calling them its "preferred value play," and BlackRock said attractive valuations offer a positive
He expects lira and other 2018 stragglers such as Argentine peso, South African rand and Russian ruble to climb in first quarter. Chinese
The largest emerging-market equity exchange-traded fund had its biggest gain in more than two months, while risk premium on sovereign debt
narrowed by most since November 2016, according to data compiled by JPMorgan Chase Co. Helping underpin rally was optimism ahead of next
liquidity