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VanEck Blog | Emerging Markets Debt Daily
February 26, 2021
Lesson From Selloff – EM Is Not A Monolith
by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy
Yesterday’s EM rates and currency selloff was not completely indiscriminate – South Africa was hit much harder than “safer” credits such as China.
Emerging Markets Debt DailyFebruary 25, 2021
Brazil’s Splitting Headache
by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy
Read moreBrazil’s key near-term risk is that the emergency aid bill will be approved without compensatory measures. Mexico’s electricity bill raises further concerns about reforms’ rollback.
Emerging Markets Debt DailyFebruary 24, 2021
Mexico’s Sticky Inflation Problem
by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy
Read moreMexico’s inflation is still at high levels. South African government bonds staged a big rally following the release of the 2021/22 budget.
Emerging Markets Debt DailyFebruary 23, 2021
Brazil – Lingering Policy Concerns
by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy
Read moreBrazilian markets are still on edge, expecting the approval of the emergency aid bill. South Africa’s unemployment rate surged to 32.5%.
Emerging Markets Debt DailyFebruary 22, 2021
EM - New Hurdles or Normal Consolidation?
by Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy
Read moreEM assets were caught in the global risk-off sentiment, but some selloffs were “home-made”, like in Brazil. Fitch upgraded Turkey’s outlook to “stable”, citing the improved policy mix.