Michael Cirami News Today

Beijing is ripping up the playbook for handling international debt defaults.

Beijing is ripping up the playbook for handling international debt defaults

Emerging markets, and particularly the debt segment of emerging markets, are a great sandbox to play in and invest in. There are so many things that are overlooked and quite inefficient.

Artisan Partners has launched a new emerging markets debt strategy, the Artisan Emerging Markets Local Opportunities UCITS fund.

MILWAUKEE, July 20, 2022 (GLOBE NEWSWIRE) -- Artisan Partners announced today the launch of the Artisan Emerging Markets Local Opportunities Strategy....

APAM earnings call for the period ending December 31, 2021.

They stated five reasons they were bullish on EM debt:  Emerging economies were driving the rebound in global economic growth: EM economies did not shut down to the degree that occurred in developed-market economies in the face of COVID-19 in 2020, and neither were they are shutting down as aggressively now;  EM debt assets had lagged the rally in developed-market assets: Despite the positive growth differentials, EM debt assets lagged the recovery in a number of developed market assets in 20...

Morgan Stanley prefers debt rated BB and stronger single B, urging investors to differentiate between credits by assessing borrowers’ external funding vulnerabilities and prospects for reforms as the coronavirus pandemic pressures economies. DISCERNING investors could eke more gains out of developing-nation bonds, but the bulk of the rally in the riskiest corners of the market may have passed. The gap between spreads on emerging-market high-yield debt and global peers has narrowed from a reco...

Discerning investors could eke more gains out of developing-nation bonds, but the bulk of the rally in the riskiest corners of the market may have passed.

Bond Traders Struggle to Pick Winners in Riskiest Markets Bloomberg 2/4/2021 Netty Ismail (Bloomberg) -- Discerning investors could eke more gains out of developing-nation bonds, but the bulk of the rally in the riskiest corners of the market may have passed. The gap between spreads on emerging-market high-yield debt and global peers has narrowed from a record 470 basis points in May to 127 basis points, close to the 10-year average of 94. Developing-nation high-yield bonds lo...