Emerging Insights

The massive Spring 2020 selloff of emerging market assets called the medium-term viability of the asset class into question. However, flows had reversed by the summer, and January 2021 saw EM debt issuances set records. To the sovereigns, increased borrowing volumes are necessary to plug budget gaps from the pandemic-induced hits to core economic drivers like energy commodities, tourism, trade, and remittances. However, the declining fiscal positions of countries from Argenti

Since the emergence of international capital markets in the latter half of the 20th century, both FDI and portfolio flows as a percentage of global GDP have primarily been concentrated in the developed world. However, the last decade’s experiment with negative interest rates has seen 11 trillion of the most stable government bonds issue negative yields. This fall in interest rates caused international investors to increasingly look to riskier, but higher-yielding, fixed incom