Brent crude’s slide of more than 20 percent from its September peak suggests inflation is set to slow even further in developing nations in coming months, which will provide another reason to buy their bonds.
Brent crude s slide of more than 20% from its September peak suggests inflation is set to slow even further in developing nations in coming months, which will provide another reason to buy their bonds. Emerging-market currencies are also poised to gain as finances of net-oil importers improve.
(Bloomberg) Emerging-market bonds and currencies have powered ahead this month on optimism over the Federal Reserve’s pivot to interest-rate cuts. Falling oil prices are set to deliver a further boost.Most Read from BloombergNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press On‘Underwater’ Car Loans Signal US Consumers Slammed by High RatesUS Navy Shoots Down 14-Drone Wave as Shippers Avoid Red SeaMike Johnson May Be the Next House Speaker to Lose His JobWall Street’s China Stock Bu
Oil Boon Will Add Extra Zip to Rally in Emerging-Market Assets bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
So far this year, domestic bonds from Colombia, Hungary, Brazil, Mexico, Peru and Poland have given double-digit returns to holders many of whom are local.