Skip to main content

We think EM yields will end 2023 below current levels

We expect lower global risk appetite, as well as rising country-specific risk premia in some cases, to put upward pressure on the yields of 10-year local-currency government bonds in emerging markets in the first half of 2023. But later in the year, we think the increases in those yields that we envisage will in general be more than unwound, amid declining risk premia and a shift in monetary policy.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access