financial time
1since the Asian crisis on the late 1990s ,many emerging economies have wisely weaned themselves off the habit of pegging their currencies to the greenback and borrowing overseas .2but non-financial companies have stepped eagerly into the breach ,mainly by issuing foreign currency bonds that have been snapped up by yield-hungry western asset managers.
in this two sentence ,the first sentence means=many emerging economies stop to purchase the greenback and the overseas assets?
the second sentence means many non-financial companies want to purchase overseas assets ?
and the second sentence i found i meet some trouble to get it for example the "issuing "?
and in second sentence means :western manager purchase "foreign currency bonds"?and the "foreign currency bonds "means "emerging economies currency bond "?

Question

financial time
1since the Asian crisis on the late 1990s ,many emerging economies have wisely weaned themselves off the habit of pegging their currencies to the greenback and borrowing overseas .2but non-financial companies have stepped eagerly into the breach ,mainly by issuing foreign currency bonds that have been snapped up by yield-hungry western asset managers.
in this two sentence ,the first sentence means=many emerging economies stop to purchase the greenback and the overseas assets?
the second sentence means  many non-financial companies want to purchase overseas assets ?
and the second sentence i found i meet some trouble to get it for example the "issuing "?
and in second sentence means :western manager purchase "foreign  currency bonds"?and the "foreign currency bonds "means "emerging economies currency bond "?

Answer

The first sentence says that emerging economies stopped making their currencies tied to the fluctuation of US dollar and instead have chosen to let it float freely.

The second sentence says that non financial companies are selling bonds in the foreign currency which western asset managers are buying

The word issuing means "the action of supplying or distributing an item for use, sale, or official purposes.".  A government issues a currency to the public.

a western money manager is a person at a bank or investment company that buys stocks and bonds for investor profits.

A foreign currency bond is a bond that is issued in a foreign currency.

A foreign currency is any currency that is not in your own country.

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