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 fell 0.2% (in US dollars) over the month.
  • Oil, equities and emerging markets (EM) currencies sold-off in the first two weeks of the year. The focus was on China where the continued slowdown in the economy and a record monthly decline in foreign exchange reserves in December led to risk aversion. Oil reached a 12-year low amid concerns over China and global growth as well as the lifting of sanctions on Iran.
  • We maintained core overweight positions in Central and Eastern Europe, on the strength of this region’s trade links with Europe and a supportive technical picture.
  • We anticipate sharp differences in the economic performance of EM countries and regions.



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