Morgan Stanley Likes Local Emerging-Market Debt

Jim Caron, portfolio manager and chief fixed income strategist at Morgan Stanley Investment Management, discusses Federal Reserve policy and the opportunities he sees in global markets. Fed officials concluded in January that they would start raising interest rates soon and were on alert for persistent inflation that would justify a faster pace of tightening, according to minutes of the Jan. 25-26 Federal Open Market Committee meeting. Caron speaks on "Bloomberg Markets: Asia."