Emerging market bonds resilient

EMERGING-market bonds could prove more resilient to renewed European debt turmoil, with stronger public finances, higher yields and more credible central banks offering investors a buffer against another bout of global market volatility.

However, as concerns over France’s borrowing costs revive memories of the eurozone debt crisis 15 years ago, investors may become more selective, favouring countries with sounder fiscal positions while keeping a close eye on economies vulnerable to rising financing costs.