Cushion Rate Increases With EM High Yield
Emerging markets high yield USD bonds can offer higher yields without direct local currency risk. Read more.
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Emerging markets high yield USD bonds can offer higher yields without direct local currency risk. Read more.
By Florence ChongJune 2021 (Magazine) It is tantalising to imagine the concept – that the standard global fixed-income portfolio, which has stood the test of time for so long, may be about to unravel. The standard bearers – US Treasuries, the UK Gilts, German Bunds and Japanese government bonds (JGBs) – may soon have to share the stage with a brash newcomer: Chinese government bonds (CGBs). The Chinese government bond market is expected to overtake the US within a few years China’s 10-year bonds are yielding around 3%, compared with zero or negative rates in other developed count...