US Emerging Market Bond Gains Erased by Rising Yields
· Business · Bloomberg, CNBC
Dollar-denominated debt from emerging market countries has turned negative for the year, erasing previous outperformance. Tara Hariharan, Co-CIO with NWI Management, discussed the market shift during an appearance on Bloomberg Real Yield. The reversal follows broader movements in US yields that have exerted pressure on foreign currency and dollar debt alike. Investors in emerging market assets face renewed volatility as global borrowing costs shift.
Why it matters
Global investors and emerging market economies face tighter financing conditions and capital outflows as rising US yields erode debt returns.
Read the original report — Bloomberg
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