Why EM Bonds are Topping Expectations
This article was originally published on ETFTrends.com.
The dollar’s recent resurgence has plagued several asset classes, including emerging markets debt. With the greenback rising, that means other currencies are slumping, including developing world currencies. That scenario is weighing on emerging markets bonds denominated in local currencies. A stronger dollar raises external financing costs for developing economies and usually leads to lower commodities [...]