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  • VanEck Blog - Emerging Markets Debt Daily

    Emerging Markets Debt Daily

    Natalia Gurushina, Economist, Emerging Markets Fixed Income

    Turkey announces its own asset purchase program. Indonesia introduces a sizable fiscal package, but already talks about bringing the budget deficit down once the crisis is over.

    Emerging Markets Debt Daily

    March 31, 2020

    China Activity Gauges Bounce Back

    by Natalia Gurushina, Economist, Emerging Markets Fixed Income

    China’s official activity gauges rebounded in March, but this is not a signal that domestic activity returned to normal. Mexico started to use the FX swap line with the U.S. Federal Reserve.

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    Emerging Markets Debt Daily

    March 30, 2020

    China Scales Up Stimulus

    by Natalia Gurushina, Economist, Emerging Markets Fixed Income

    China’s central bank unexpectedly cut its 7-day reverse repo rate, while the Politburo authorized a wider fiscal deficit. Moody’s downgraded South Africa to sub-investment grade, which might lead to additional outflows due to index exclusion.

     

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    Emerging Markets Debt Daily

    March 27, 2020

    Rating Agencies Strike Back

    by Natalia Gurushina, Economist, Emerging Markets Fixed Income

    S&P downgraded several sovereigns and corporates with strong oil connections and/or weak macro and policy buffers. India, Malaysia and the Czech Republic announced further fiscal and monetary stimulus.

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    Emerging Markets Debt Daily

    March 26, 2020

    Global “Wall of Liquidity” – How Big Can it Get?

    by Natalia Gurushina, Economist, Emerging Markets Fixed Income

    The global fiscal and monetary policy support now exceeds 3% of the world GDP on each side. Russia delivered an unusual revenue-neutral fiscal stimulus package.

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