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  • VanEck Blog - Emerging Markets Debt Daily

     Emerging Markets Debt Daily
    Emerging Markets Debt Daily

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Brazil’s textbook current account adjustment continued in October. South Africa’s central bank is unlikely to react to the upside inflation surprise. 

    Emerging Markets Debt Daily

    November 24, 2020

    Mexico Inflation – Turning the Corner?

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Mexico’s disinflation might yet prove transitory. Turkey makes another policy tweak, but the market still demands more proof that policy normalization is here to stay.

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    Emerging Markets Debt Daily

    November 23, 2020

    Turkish Lira – Buyers’ Remorse?

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Turkish assets are under pressure – in part due to thin pre-holiday liquidity, but also due to skepticism about the reform agenda. South Africa’s double rating downgrade – not surprising but not welcome either.

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    Emerging Markets Debt Daily

    November 20, 2020

    China Joins “Negative Yield” Club

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    China placed a 5-year EUR-denominated bond at a negative yield. The Turkish currency’s morning moves point to skepticism about the recent policy U-turn. 

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    Emerging Markets Debt Daily

    November 19, 2020

    Turkey Rate Hike – U-Turn or Bandaid?

    by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Turkey hiked the benchmark rate as expected, but it is still unclear whether this marks a genuine policy U-turn. Indonesia and the Philippines delivered surprising rate cuts to boost growth.

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