This is the latest monthly update on Emerging Markets Bond. It provides a review of the market and the latest outlook for the sector. View for more details.

Key Highlights: 

  • Emerging markets (EM) debt delivered a return of 1.9% (US dollar terms) over the month.
  • Oil credits were the strongest performers, notably Venezuela, Ecuador, Gabon and Angola.
  • The portfolio remained cautiously positioned in less liquid credits.
  • We expect continued differentiation among country returns.


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