EM Debt 2024: Solid Beginnings

Emerging markets debt performed well in the first quarter of 2024, and we anticipate more of the same in the next quarter. We see selective value in high-beta, high-yield credit because we believe the global market environment will be conducive to its outperformance. Short-maturity bonds have outperformed but opportunities in longer bonds are appearing.

Global Growth Returns And The 2025 Fiscal Reckoning

Gold prices are hitting all-time highs despite outflows from U.S. Bullion ETFs. Investors should be prepared for a gold/bitcoin/bitcoin bull market in 2024-2025, says Klaus Vedfelt. Gold is signaling that government spending policy could be wildly stimulative.

Emerging Markets - A Changed Asset Class?

Investors have traditionally considered emerging markets to be riskier than developed markets. Recent data point to significant changes in EM fixed income and equity markets. EMs remain resilient during recent DM hiking cycle. EM growth is not as dependent on China as it used to be. Investors may be getting more attuned to these shifts.

Fixed Income Investment Outlook Q2 2024: A Winding, Downward Path

Weekly Report: what happened at FEMB last week (0408-0412)?

Where We Stand

Dollar Consolidates But Adjustment Is Not Over

Higher than expected US CPI for the third consecutive month drove US interest rates sharply higher and lifted the greenback broadly. The market appears to be catching its breath today, but the shallow consolidation suggests the moves are not over. The dollar has reached nearly JPY153.30. Gold fell by about $18.75 an ounce yesterday, its largest loss in about a month.

U.S. CPI, New Security Initiatives With Tokyo And Manila, Bank Of Canada Meeting

The dollar has been confined to narrow ranges ahead of the US CPI report. The Reserve Bank of New Zealand signaled that it was in no hurry to cut rates. The New Zealand dollar is leading the G10 currencies higher. The Hang Seng and the mainland companies in Asia are leading the region. Gold is consolidating in about $2345-$2360.

Weekly Report: what happened at FEMB last week (0401-0405)?

Rate Adjustment Underpins Greenback

Staying Nimble While Seeking Income

Weekly Report: what happened at FEMB last week (0325-0329)?

April 2024 Monthly

Waller Pushes On Open Door: Push For Patience Lifts The Dollar, Complicating Japanese Efforts

Comments by Fed Governor Waller, urging patience on rates has helped the greenback extend its recent gains. Poor German data has weighed on the euro, taking the single currency to new lows for the month. Japanese officials are signaling their willingness to intervene in the foreign exchange market to strengthen the yen. The 10-year US Treasury yield is up three basis points.

First Trust Emerging Markets Local Currency Bond ETF declares $0.1325 dividend

Heightened Threat Of Japanese Intervention Pushes Greenback Away From JPY152

The dollar neared JPY152, setting a new 34-year high. Most of the G10 currencies are softer against the dollar but the yen. Chinese equities got thumped today, with the CSI 300 off nearly 1.2%. Gold is firm, recording a higher low for the third consecutive session as remains near $2200.

Weekly Report: what happened at FEMB last week (0318-0322)?

Week Ahead: Enthusiasm For The Dollar Rekindled

The Bank of Japan lifted its interest rate target for the first time in 17 years. The Swiss National Bank became the first G10 central bank to cut rates. The central bank of Mexico delivered its first rate cut. The dollar initially sold off hard but recovered to trade at new highs for the week.

Dynamics Down Under: Deciphering APAC's Economic Landscape

Home Market Outlook Economy Analysis Dynamics Down Under: Deciphering APAC's Economic Landscape. The Asia-Pacific region stands at a pivotal juncture. Wei Li, Global Chief Investment Strategist for BlackRock joined Oscar Pulido to discuss the intricacies of high inflation in the region.

Cynical Bull - An Emerging Markets Debt Perspective

The VanEck Emerging Markets Bond Fund was up 0.2% in February, in line with its benchmark. The Fund is outperforming its benchmark by around 30 basis points year to date. Zambia and Ecuador were winners, Egypt was a loser in February. The fund increased exposure to local currency and increased duration.