TEI - Declining U.S. Rates Boost EM Debt's Yield Advantage

August, 04 2021 10:33 AM Templeton Emerging Markets Income Fund Inc.

Ten year Treasury yield levels, which dipped below 1.20% earlier this month, seem to be at odds with a general narrative of non-transitory inflation and accelerating economic growth.
Many emerging markets' central banks are ahead of the Federal Reserve with rate hikes, and although rates have adjusted higher, there have not been any local taper tantrums as the market has taken these moves in stride.
On the high yield corporate side of emerging markets debt, yield and spread pickup against U.S. high yield remains at elevated levels relative to historical averages.

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Company Name:	Templeton Emerging Markets Income Fund Inc.
Stock Symbol:	TEI
Market:	NYSE