A substantial increase in bond sales by governments in Europe and the US will likely hinder sales of debt by developing nations, according to RBC Capital Markets. "The Group of Seven governments' financing requirements are set to explode, tripling in the US and Western Europe from $1 trillion last year to over $3 trillion in 2009," Nick Chamie of RBC wrote. "Combined with a massive pipeline of US and European corporate new-debt issues, there will be little left over for emerging markets."

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