FEMB - Political Developments Prove Favorable For EM Bonds

July, 27 2024 03:00 AM First Trust Emerging Markets Local Currency Bond E

2024-07-27 03:00:00 ET

Summary

EM Bonds continue to outshine those in developed markets, thanks to positive political developments and a favorable rate environment.
The second big development after politics in the second quarter was that US rates rallied.
The decline in yields was generated much more by concerns on growth in jobs than it was in the decline in inflation.

EM Bonds continue to outshine those in developed markets, thanks to positive political developments and a favorable rate environment....

Company Name:	First Trust Emerging Markets Local Currency Bond E
Stock Symbol:	FEMB
Market:	NASDAQ