Emerging markets
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/FN5WJO3UHNFODIN7Z6NVHT3T34.jpg "Wall Street Misses Out on Unexpected Rally in Local Emerging Markets Bonds")
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/4DCM4RJJ3BCCPEUCN3PJSSMRLQ.jpg "Global Central Banks’ Decisions Add Suspense to US Fed’s June 14 Announcement")
Global Central Banks’ Decisions Add Suspense to US Fed’s June 14 Announcement
Multiple rate decisions from India to Russia, Chinese trade and inflation numbers, other consumer-price reports from Turkey to Brazil, and testimony by the European Central Bank president will be among the highlights next week
JPMorgan Highlights Performance of Local Bonds in Emerging-Market Income Rally
Local debt has been the star performer among emerging-market bonds this year and its advantage over hard-currency notes is likely to persist, according to JPMorgan analysts
Buying Debt from Mexico, India Seen as Tool to Deal With Financial Stress, Pimco Says
Mexico benefits from strong remittances and stands to win big from plans by Tesla Inc. and other companies to build factories closer to US consumers, a trend known as nearshoring, says the firm
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/PL4KWAEIURGVXJMBP5INPCZZHE.jpg "US Default Insurance Cost Eclipses Brazil, Mexico as Time Runs Out to Lift Borrowing Limit")
US Default Insurance Cost Eclipses Brazil, Mexico as Time Runs Out to Lift Borrowing Limit
Few investors doubt that the U.S. will make good on its debts
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/N4TLEGLSX5FG3LAATMUDZG7GGY.jpg "End May Be in Sight for Global Rate-Hike Cycle as Signs of Dents in Economic Growth Appear")
End May Be in Sight for Global Rate-Hike Cycle as Signs of Dents in Economic Growth Appear
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/J6N5HLJM2RGCZMAD46AJRB7W5A.jpg "Peaks in Global Rates Trigger Popular Emerging Market FX Trades")
Peaks in Global Rates Trigger Popular Emerging Market FX Trades
The top targets for EM carry trades look to be the Brazilian real and Mexican peso, as these will be supported by proactive central banks and relatively high real interest rates: TS Lombard
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/ICEURJHSNBCCPFYBSO7NFGYWEM.jpg "Inflation in US, Rates in Latin America Worry Economists at the Start of Q2")
Inflation in US, Rates in Latin America Worry Economists at the Start of Q2
US inflation was largely unwavering in March, with economists projecting a monthly increase in consumer prices on par with advances seen over the previous half year that will test the Federal Reserve’s mettle
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/33M5BBYG2BELNC5BVCW7JT6WDU.jpg "Andean Bond Meltdown Burns Investors in Bolivia, Ecuador")
Andean Bond Meltdown Burns Investors in Bolivia, Ecuador
Benchmark notes from the countries have lost more than a quarter of their value, making them the worst performers among developing nations this year
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/MIOXXRNKU5ATXK373TOWQHIAUA.jpg "11 Charts to Dig the Global Economy: China Recovery Is Real, Energy Costs in Europe Hike")
11 Charts to Dig the Global Economy: China Recovery Is Real, Energy Costs in Europe Hike
Mexico slowed its pace of hikes while Colombia increased rates to a 24-year high
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/YUXXW7YDHBAMLG4YNMJG64Q5PA.jpg "Emerging Market Era Faces More Headwinds After Rough Start")
Emerging Market Era Faces More Headwinds After Rough Start
The Mexican and Chilean pesos appreciated 7% or more in the past three months, and Hungary’s forint also rallied
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/6KC73IWHBJGS7FMDMBWMQVLUT4.jpg "Colombia Pension Giant Protección Sees Bonds Extending Market-Beating Rally")
Colombia Pension Giant Protección Sees Bonds Extending Market-Beating Rally
Colombian local-government bonds lost 27% last year, the worst performance after Hungary and Russia in a Bloomberg index of emerging market local debt
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/GAMXJD5ALVHI3KPYW5DSORVSRQ.jpg "Fed’s Preferred Inflation Index Seen Staying Elevated")
Fed’s Preferred Inflation Index Seen Staying Elevated
This week: euro-zone inflation data are expected to reveal conflicting signals on price growth, China’s purchasing manager indexes will show the strength of factory activity there, and central-bank decisions may feature rate hikes from South Africa to Mexico
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/BC6GKXA5RBGLXFB3UJRERF5CV4.jpg "Emerging, Distressed Markets Are Hurting Most from Rich-World Bank Turmoil")
Emerging, Distressed Markets Are Hurting Most from Rich-World Bank Turmoil
From Pakistan to Bolivia, investors are now expressing growing doubts about the ability of distressed economies to repay their foreign-currency debts
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/CHZBZFFCTZH7PGEFUOPMPRHUOU.jpg "Emerging-Market Fear Gauge Mounts as Traders Contemplate Turmoil")
Emerging-Market Fear Gauge Mounts as Traders Contemplate Turmoil
In Latin America, the Chilean, Colombian and Mexican pesos all fell at least 1.9% versus the dollar
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/Z66UB4PDU5FT5O3CGHHKMOSG5Q.jpg "A $13 Billion Plunge in Bond Sales Hints at Pain for Emerging Markets Credit")
A $13 Billion Plunge in Bond Sales Hints at Pain for Emerging Markets Credit
Businesses from developing economies have sold just $60 billion of global bonds so far this year — a drop of about 18%, or $13 billion, from the same period of last year, according to data compiled by Bloomberg