2022 has been a volatile year for credit markets, but a closer inspection highlights some striking differences. Let’s take the EM, Euro and US high yield (HY) credit markets* as examples.
This year, we expect the global economic environment to feature sluggish growth and an extended period of sustained high inflation. For the credit market, it will be a tale of two halves:
Ricardo Adrogue, Head of Global Sovereign Debt and Currencies discusses the Barings’ team’s increasingly positive view on the outlook for emerging markets debt.