All Emerging Market Debt articles – Page 7
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White papers
Russia-Ukraine tensions: geopolitical risk adds volatility to risk assets
Geopolitical dimension of the crisis: tensions stand at their highest point in years, after Moscow deployed 100,000 troops to its border with the Ukraine’s Donbas region. The geopolitical risk between Russia and the West remains deadlocked since Russia’s 2014 annexation of Ukraine’s Crimea peninsula and the consequent Western sanctions to Russia.
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Podcast
EM Debt in 2022: China, COVID & Central Banks
What lies ahead for EM debt markets in 2022? Risks include higher rates and inflation as well as uncertainties surrounding China and the path of the pandemic. But with defaults still low and spreads wide by historical standards, opportunities look likely to arise.
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White papers
Jeromicron: Markets Face a One-Two Punch
Preliminary Markit PMIs in the U.S. show Omicron weighed on consumer demand, labor supply, and supply chain disruptions in January. The composite PMI fell from 57 to 50.8—its lowest level in 18 months; declines were seen in services and manufacturing.
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White papers
Fixed Income Perspectives - January 2022
Global economic growth looks likely to continue in 2022, albeit at a more modest pace. The COVID-19 pandemic does, however, add uncertainty to the outlook, as evidenced by the recent emergence of the Omicron variant.
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Resiliency in a time of heightened volatility
Franklin Templeton Fixed Income’s Glenn Voyles and Matt Fey expect 2022 to be a year where credit selection regains importance.
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Solving for a Year of Inflections
The Solving for 2022 delegates voted on what they think will be this year’s best-performing investment category—and here’s why we think they are right.
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Winners of the Italian Recovery Plan (With or Without Draghi)
Which sectors stand to benefit the most from Italy’s Recovery and Resilience Plan, and what impact, if any, will the country’s next president have on efforts to implement the plan?
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Podcast
The Weakest Links in the Global Supply Chain: Part I
As we start a new year amid the pandemic, a major disruption that consumers are facing are the issues within today’s global supply chain. Emptier shelves in stores, shipping delays on e-commerce deliveries and labor shortages among others, have been felt by so many of us.
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White papers
Inflation, central banks and rising rates – Q&A with Andrew Cormack
It feels as though US policy makers have spent the entire post-global financial crisis period trying to generate inflation. Now that it’s here, it seems like the wrong kind of inflation. How do you see inflation playing out in the US?
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White papers
2022: A Year of Major Inflection Points
These five big transitions are likely to make 2022 a choppy and challenging year for equity investors—and the end of the coronavirus pandemic doesn’t even make the cut.
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White papers
Kazakhstan: low impact for asset prices, but a wakeup call for geopolitical risk
On 2 January, protests began in western Kazakhstan triggered by a sharp rise in fuel costs, but reflecting broader political discontent. The almost immediate response from the Collective Security Treaty Organization (CSTO, a Russian version of NATO) shows the close relationship between the Russian and Kazakhstan governments.
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White papers
EMD in 2022: New catalysts offset gloom and doom
The global outlook remains mired with worries about inflationary pressures, central bank rate hikes, and liquidity withdrawals.
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White papers
Year 3 and counting…
Even with challenges posed by new COVID-19 variants, the unpredictable nature of government policy reaction, along with supply-chain disruptions that have led to multi-decade highs in inflation, our Franklin Templeton Fixed Income team believes global economic recovery will remain robust.
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White papers
Why Bank Loans Look Attractive in Today’s Market
The technical and fundamental picture looks favorable for bank loans for a number of reasons.
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White papers
Central banks: a successful hawkish turn
The three major central banks issued restrictive signals last week. The banks have succeeded in changing the course of their monetary policies without harming the markets.
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White papers
The Most Important Rate in the Whole Wide World
Markets may be missing the importance of record-low real rates, and the potential impact if they start to rise.
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White papers
Tapping into China’s accelerating investment management expertise
Contrary to what some people might think, there is continued appetite among many global asset owners for Chinese securities – despite market noise and dynamic policymaking over recent months.
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White papers
Central Bank Palooza
The FOMC showed a hawkish shift but Fed Chair Jerome Powell successfully unwound some to suggest policy normalization won’t derail the recovery.
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White papers
Re-entanglement: why debt and reality must reconnect
The long-term relationship between credit quality and the global unemployment rate appears to have broken down of late. But why? Fiorino once again probes the debt universe in search of deeper meaning…
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White papers
Fixed income outlook: Is the market overly hawkish?
After the bond bear market of 2021, valuations look more attractive in an environment where interest rate rises may already be priced in.