EBND News and Press, SPDR Bloomberg Barclays Emerging Markets Local Bond From 03/08/24

2024-03-08 07:00:00 ET Summary A recent wave of emerging market sovereign defaults is getting closer to resolution, providing further support to the asset class. The past few years saw a surge in emerging market defaults as the global pandemic and Russian invasion of Ukraine compo...

2024-02-24 08:05:00 ET Summary With the help of economic data and comments by Fed officials, the market, as it did a few times last year, has converged to the Federal Reserve. The CSI 300 rose every day last week, as the mainland markets re-opened from the extended holiday. An...

2024-02-23 07:45:00 ET Summary Amid a light news stream, the dollar is mostly in narrow ranges against the G10 currencies. Emerging market currencies are mixed, though central European currencies generally fared the best. The dramatic equity rally in the US yesterday helped li...

2024-02-21 08:25:00 ET Summary The dollar is trading quietly after being sold yesterday. The offshore Chinese yuan is firmer for the sixth consecutive session. The CSI 300 rallied four consecutive sessions before the Lunar New Year holiday and is up in each of the three sessio...

2024-02-21 04:54:00 ET Summary In January, the VanEck Emerging Markets Bond Fund was down 0.84% in January, compared to -1.27% for its benchmark. When and if the Fed starts cutting its policy rate, EM bonds should perform better than most bond categories. Low debt levels in EM...

2024-02-17 08:05:00 ET Summary The US January CPI and PPI came in stronger than expected and this extended the recovery in US interest rates. The yen has fallen for seven consecutive weeks and the threat of intervention by MOF officials had little sustained impact. China retur...

2024-02-15 23:39:00 ET Summary Emerging markets have taken solace in the view that the U.S. hiking cycle is over, helping deliver strong returns in 2023. Slowing global inflation has been due to sharply lower core goods inflation, while service prices have remained stickier. E...

2024-02-14 07:30:00 ET Summary The dollar was driven higher, and it is stabilizing today, though the euro and sterling extended their losses, most of the other G10 currencies did not. After the yen's six-week slide did not elicit a response from Japanese officials, yesterday's dro...

2024-02-10 08:35:00 ET Summary The markets are still correcting from the overshoot on rates and the dollar that took place in late 2023. A soft US CPI and weak retail sales report next Tuesday and Wednesday could help cap US rates and signal the end of the dollar's New Year rally....

2024-02-09 23:03:00 ET Summary EM local currency sovereign bonds did even better than dollar-denominated sovereigns, outpacing the other asset classes listed above by an additional 160 bps, and without the benefit of a sustained EM currency rally. Given the higher yields available...