Bloomberg’s gauge of EM high-yield dollar bonds was the top performing asset in EMs with a a 15% gain year-to-date. — Reuters
DOLLAR bonds from some of the world’s weakest economies have emerged as the bright spot in what’s otherwise been yet another lacklustre year for emerging-market (EM) assets.
While many emerging assets ended 2024 with gains, their returns pale in comparison with those on Wall Street. Among currencies tracked by Bloomberg, just three from the developing world have managed to strengthen in the face of a rising US dollar.
