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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

    EM central banks cut rates by a total of 1965bps in the past three months, so a pause might be the right policy choice right now. EM recouped a big portion of March’s reserve losses.

    Emerging Markets Debt Daily

    May 26, 2020

    Brazil – Political Noise Down, Markets Up

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

    Political tensions in Brazil calmed down, so the market can re-focus on fundamentals. South Africa is doing well on positive re-opening news.

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    Emerging Markets Debt Daily

    May 22, 2020

    China – Tense Politics, Prudent Macro

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

    China drops the GDP growth target, focuses on employment and introduces another fiscal package that is smaller than expected. Argentina is heading for another default, as the grace period ends today.

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    Emerging Markets Debt Daily

    May 21, 2020

    A Cautionary Tale of Two Rate Cuts

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

    Turkey and South Africa cut their policy rates by 50bps, but the respective currency reaction was very different. South Korea’s preliminary trade numbers for May reflect well on China’s domestic rebound.

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    Emerging Markets Debt Daily

    May 20, 2020

    China Green Shoots – More in the Pipeline?

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

    China’s activity gauge for hi-tech companies shows that the economy continues to rebound. Turkey boosted its FX swap line with Qatar, but the currency’s reaction was subdued.

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