Junk Bonds Are All the Rage as Emerging-Market Growth Lures Investors

July 10, 2024 at 9:55AM EDT --

“There is no systemic sovereign default cycle in EM, and even the EM corp default rate YTD is well below trend,” said Uday Patnaik, head of emerging-market fixed income at Legal & General Investment Management Ltd. “EM relative to developed markets have been doing well in terms of growth, particularly the growth differential, FX reserves are at highs and significantly cover maturities and amortisations due this year.

Egypt has become a darling of investors ever since it bagged more than $57 billion in rescue funds from partners including the UAE and IMF. That, combined with a currency devaluation and interest-rate hike, fueled a rush into the carry-trade potential in Egyptian local assets.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

High-Grade Company Bonds Increasingly Trade Near Junk LevelsSome money managers that buy junk bonds have been pouring money into investment-grade notes instead, because the yields can be almost as high now.
แหล่ง: BNNBloomberg - 🏆 83. / 50 อ่านเพิ่มเติม »

Rally in Stocks and Bonds Will Power Past a Hawkish Fed, Survey ShowsThe S&P 500 will climb to new highs regardless of what the Fed does, according to a Bloomberg client survey.
แหล่ง: BNNBloomberg - 🏆 83. / 50 อ่านเพิ่มเติม »

Rally in Stocks and Bonds Will Power Past a Hawkish Fed, Survey Shows(Bloomberg) -- Investors shed their fears of a hawkish Federal Reserve, according to Bloomberg’s latest Markets Live Pulse survey, signaling that slower...
แหล่ง: YahooFinanceCA - 🏆 47. / 63 อ่านเพิ่มเติม »