A Metalastan 10-year hard currency sovereign bond yields 8.50% or 3% above the broad Emerging Market hard currency bond index's average yield. If you go long the Metalastan bond and short the EM hard currency bond index, you are hoping for:

Group of answer choices

The EM index to rise

The EM index to outperform the Metalastan bond

The EM index to underperform the Metalastan bond

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