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  • VanEck Blog - Emerging Markets Debt Daily

     Emerging Markets Debt Daily
    Emerging Markets Debt Daily

    Natalia Gurushina, Chief Economist, Emerging Markets Fixed Income Strategy

    Turkish assets are hit by a regional military flare-up, as Turkey is taking sides. Mexico’s new pension reform draft is in congress—a mandated big cut in fees raised independence concerns.

    Emerging Markets Debt Daily

    September 25, 2020

    Turkey’s Policy “Double Punch”

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

    Turkey’s rate hike was followed by the relaxation of currency trading limits, which is a positive development. China will be included in the World Government Bond Index.

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    Emerging Markets Debt Daily

    September 24, 2020

    Turkey’s Big Rate Surprise

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

    Turkey unexpectedly hiked its policy rate by 200bps. Mexico’s inflation surprised to the upside, pointing to a possible rate cut pause after today’s central bank meeting. 

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    Emerging Markets Debt Daily

    September 23, 2020

    EM Rates – Hikes Are Coming?

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

    The consensus is increasingly pricing in EM rate hikes in 2021. Brazil’s external balance remains the country’s undisputed macro strength.  

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    Emerging Markets Debt Daily

    September 22, 2020

    Brazil Policy Rate – Low For Longer?

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

    Brazil’s central bank intends to keep the policy rate low as long as certain conditions are met. South Africa’s leading indicator rebounds, but high unemployment poses a major risk for recovery.

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