What is the probability that Russia will default after 25 May 2022? And Russian Corporates will continue to pay their external debt?
ONE TO WATCH
This is the big theme Emerging Market Debt investors are discussing with investment mangers. No surprises that there is lots of research and live updates on the impact of the Russia-Ukraine crisis on EM bond investors inside RFPnetworks.
Emerging Market Debt
EMD Hard Currency Grabs Investors Attention
Lots To Digest On EM Hard Currency Bonds
Why Is EMD Local Outperforming Hard Currency Bonds?
EMD Back On Investors Radar.
What is the Outlook for Emerging Market Debt?
The Good News Is Twofold
Emerging Market Debt, like the entire fixed income asset class, has had a tough start to 2022.
Even hard currency bonds, as represented by the JP Morgan EMBI Global Diversified Index, have seen YTD returns not experienced since 1995. With 1Q22 completing four consecutive negative quarters - an occurrence which has only happened 3 times since 1993.
The good news is twofold.
Investing In Distressed Emerging Market Debt
Double Digit Time?
EMD Winners & Losers
The Regional View