All Emerging Market Debt articles – Page 4
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White papersEcuador’s $650 million debt-for-nature swap targets Galápagos protection
The country has conducted the world’s largest such swap in what is likely to be a template for others to follow
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White papersIs the long-term case for emerging market debt still intact?
2022 was a difficult year for fixed income in general, including emerging market debt, amid high inflation and aggressive rate hikes by central banks. While the global backdrop remains a headwind for emerging markets, relatively strong macroeconomic fundamentals in the major EM countries, combined with high starting yields and undervalued exchange rates within local currency debt should provide a buffer to any further volatility.
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White papersRaising the roof
Optimism that a resolution to the US debt ceiling crisis is on the cards helped markets this week. In Turkey, a second-round run-off will decide whether incumbent President Recep Tayyip Erdoğan extends his two decades in power.
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White papersUncut gems: The evolution of ESG in EM sovereign debt
There are few asset classes upon which ESG factors have a more visible and profound impact on financial outcomes than in emerging market sovereign debt. However, effective ESG integration in the space remains inconsistent.
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VideoOutlook for credit sectors
Portfolio manager Damien McCann explains where he sees value across four primary credit sectors.
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VideoThe dollar effect on emerging market corporates
Watch to find out what effect the dollar has on emerging market corporates
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White papersChallenges faced by emerging market corporates
Emerging market (EM) corporations with foreign currency debt found life particularly tough during the decade-plus of dollar strength. Weak currencies put pressure on profits among companies with a domestic focus but with hard currency liabilities. High domestic interest rates make for high costs of funding.
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White papersHow strong dollar dynamics impacts emerging markets
Years of strong dollar dynamics have had a far reaching consequences for emerging economies, much of it played out in the currency markets.
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VideoDollar Cycle - The Impact on Emerging Market Bonds
Watch to discover what the dollar cycle impact will be on EM bonds
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White papersThe stars align for emerging market bonds
The stars are aligning for emerging market (EM) debt. And according to our analysis, there are good reasons to believe these assets – both sovereign and corporate bonds - are on the cusp of an upswing that could last for years to come.
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White papersFixed Income: the road ahead
Recent crises within US regional banks and the more idiosyn- cratic case of Credit Suisse have various underlying causes. However, the overall context of these issues is undoubtedly the sudden and significant tightening of financial conditions in the past year.
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White papersEMD quarterly review Q1 2023
Bond markets broadly advanced over the quarter, though with some periods of volatility, as investors adjusted interest rate expectations going forward, now suggesting many we may see rate cuts coming before the end of the year. The reopening of the Chinese economy also supported sentiment on the outlook for global economic growth, with Chinese business survey data showing early signs of improvement.
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White papersEM Debt: Opportunities in a Riskier World
Emerging market fundamentals remain strong and continue to provide opportunities despite risks in developed markets that raise cautionary flags.
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White papersCutting the Gordian EM Restructuring Knot
Our proposal addresses the current standstill facing EM sovereign debt restructuring as well as improves participants’ incentive to maintain market access following a debt restructuring.
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White papersEmerging markets debt: Clouds of political uncertainty set to lift
After a positive start to 2023, emerging market debt investors should keep an eye on four key elections this year, which may create further opportunities in the asset class.
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White papersHow vulnerable is EM debt to volatility spillovers?
At the beginning of the year, the three major factors driving emerging market (EM) debt were US financial conditions, the dollar and global growth. All three look likely to have been changed by the current shock to the banking sector.
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White papersUkraine: one year on but no end in sight
After 12 months of fighting further action is needed from the west to prevent a balance-of-payments crisis and to support the reconstruction costs faced by Ukraine
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White papersEmerging Markets Debt: will 2023’s bright start last the course?
Maybe it’s an optimistic time of the year or maybe it’s just a good investment case? Whatever you identify as the driver, there is no denying that 2023 has begun in extraordinary fashion for emerging markets debt (EMD).
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White papersGlobal Investment Views - February 2023
Markets are shifting focus away from inflation towards growth, with a slightly less disruptive economic picture for Europe and a more optimistic view on China.
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White papersFirmer foundations for China’s property market in 2023
The Chinese property sector has been in the headlines over the past year, and not for the right reasons.
