Emerging market (EM) easing cycles are underway in earnest even as the first Fed cut remains a while away. We think this easing will help to drive EM local-currency (LC) government bond yields lower, in general, over the rest of 2023. But we still expect them to underperform Treasuries over that period.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.