All Emerging Market Debt articles
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White papersEM leaders drive fiscal policy improvements: EMD report Q1 2025
With sovereign and corporate credit spreads at multi-year lows, we remain constructive on Emerging Market Debt (EMD) in 2025.
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White papers2025 Emerging market debt outlook: Stick to income and relative value in a disruptive year
As 2024 is now behind us, we are reflecting on a year of political and geopolitical upheaval which culminated in the election of Donald Trump in the U.S., whose disruptive agenda hangs over emerging market (EM) investors’ heads. In this outlook, we flesh out our current view of the world, as seen from an EM lens, and highlight a few key investment themes.
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White papersEmerging market debt outlook for 2025: Ready for Trump 2.0?
Looking ahead to 2025, the macro environment, in theory, sets the stage for a friendly backdrop in EM, especially given continued disinflation, which should allow most major central banks to ease rates throughout the year. However, the incoming US administration poses several risks to EMs.
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White papersFixed Income Perspectives Q1 2025
The fourth quarter ended with higher bond yields as the market reduced its expectations for future rate cuts from the Federal Reserve (Fed).
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White papersHow to make sense of Emerging Market Debt in a global portfolio
Despite potential short-term volatility stemming from geopolitical events, we believe the current environment presents one of the most favorable opportunities for EMD in the past decade.
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White papersVolatility, velocity and vigilantes
Volatility is how markets express uncertainty, and 2024 offered its share of ups and downs.
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Webinar2025 Outlook: Global Fixed Income Webinar
From high yield to emerging markets debt to investment grade credit, what will 2025 hold for global fixed income investors? Our panel of experts weighs in on the opportunities and risks ahead.
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White papersEM Local Debt: Time to Shift the Perspective?
EM local debt has historically offered higher yields than the comparable U.S. risk-free rate, and recently has begun to exhibit more stability as well—which presents a compelling case for investors.
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White papers2025 Outlook Insights
Our portfolio managers share their views on what opportunities and surprises 2025 might bring across equity, fixed income and convertible bond markets.
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White papersEmerging Markets Debt Under Trump 2.0
EMD has been more resilient after November’s election than it was after the 2016 result—so, what has changed, and will this resilience last?
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White papersEmerging market debt outlook for 2025: Ready for Trump 2.0?
Looking ahead to 2025, the macro environment, in theory, sets the stage for a friendly backdrop in emerging markets (EM), especially given widespread disinflation, which should allow most major central banks to significantly ease rates throughout the year.
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White papersFixed income: New challenges for the easing cycle
Following an extraordinarily friendly market for fixed income in 2024, our fixed income teams assess the outlook for 2025.
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White papers2025 Global Fixed Income Outlook
The results of the U.S. presidential election are on many investors’ minds heading into 2025. What are the potential implications for global fixed income markets?
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White papersEMD: A credible long-term asset allocation candidate
Using cluster analysis and regression techniques, this paper highlights the importance of active management and bottom-up fundamental research in effectively navigating the multifaceted emerging market debt (EMD) landscape.
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White papersRates never sleep
A strong quarter for bonds as a patient, diversified approach is rewarded.
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White papersEM Debt: Time to Load Up?
A number of factors have converged to create a potentially compelling opportunity in EM debt. And with prices at attractive levels relative to history, now may be a good time to consider an allocation to the asset class.
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White papersPositioning EMD ahead of the US election
If Kamala Harris wins November’s vote, the status quo is unlikely to change significantly, but should Donald Trump triumph the implications for foreign policy are likely to be far-reaching.
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White papersEmerging Markets: How Structural Shifts are Leading to Strong Tailwinds
Prior to the onset of COVID-19, much had been written about the appeal of emerging market debt (EMD), touting the yield advantage as well as its lower correlation to other fixed income asset classes. EMD has underperformed since then, leaving investors in Switzerland and beyond to wonder if and how EMD fits into their asset allocation. After a difficult start to the 2020s, we believe EM debt is now poised to outperform as headwinds from sharp increases in interest rates and slower growth are now reversing course. Thus, the tailwinds from lower rates, higher growth, and improving credit quality are setting the table for positive EM performance going forward.
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White papersSupporting the Clean Energy Transition: Opportunities in Emerging Markets Debt
Emerging markets are missing out on the wave of clean energy investment seen since 2020, according to the International Energy Agency (IEA): “Global clean energy investment has risen by 40% since 2020, reaching an estimated $1.8 trillion in 2023, but almost all the recent growth has been in advanced economies and in China. By contrast, other emerging and developing economies account for less than 15% of total investment, despite being home to 65% of the world’s population and generating about a third of global gross domestic product.”
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White papersCapitalising on the EM private credit opportunity set
Polina Kurdyavko, Head of BlueBay EM Debt, explains the key elements in implementing a successful private credit strategy and discusses how select exposure can offer investors an attractive risk-reward balance.
