EMLC News and Press, VanEck Vectors J.P. Morgan EM Local Currency Bond From 01/25/24

2024-01-25 07:30:00 ET Summary The US dollar is trading mostly quietly in narrow ranges against the G10 currencies ahead of the ECB's President Lagarde's press conference. Most of the emerging market currencies are a little firmer, but not the Mexican peso or Chinese yuan. The...

2024-01-24 07:00:00 ET Summary After a strong showing yesterday, the dollar was sold in Asia and Europe. The dollar's decline has stretched intraday momentum indicators. The PBOC announced a 50 bp cut in reserve requirements, effective early next month. The eurozone's Janu...

2024-01-24 05:00:00 ET Summary Fiscal dominance is an economic condition that arises when debts and deficits are so high that monetary policy loses traction. EM central bank policy rates were consistently higher, and EM central banks were earlier to the latest global hiking cycle....

2024-01-22 18:54:00 ET Summary S&P 500 Index closed at a record high for the first time in more than two years. Global Market Index ended last week with a relatively mild 3.2% drawdown. US stock market's recent gains attributed to consensus on controlled inflation and a so...

2024-01-20 08:30:00 ET Summary The week ahead features the first estimate of US Q4 GDP, which will be revised for the next couple of years. It also features policy meetings by the Bank of Japan, the European Central Bank, the Bank of Canada, and Norges Bank, Norway's central bank....

2024-01-19 08:00:00 ET Summary The dollar's surge in the first part of the week has given way to consolidation. The equity rally in North America yesterday, which saw the NASDAQ 100 set a new record-high seemed to help bourses in Asia Pacific today. Japan's reported its nation...

2024-01-19 03:30:00 ET Summary The VanEck Emerging Markets Bond Fund was up 3.88% in December, compared to 4.12% for its benchmark. Fed fund futures are pricing in about double the amount of 2024 cuts than the median of the Fed’s dot plot. Many of the high-carry, neutra...

2024-01-19 02:45:00 ET Summary We expect a favorable environment for emerging-market bonds in 2024, provided investors stay selective. Despite high interest rates, geopolitical instability and sluggish economic growth in China, emerging market bonds posted strong returns in 2023. ...

2024-01-18 08:00:00 ET Summary This week's dollar surge is consolidating today. Interest rates have steadied, but the adjustment, which involves pushing the first rate from March toward June does not appear complete. The Australian labor market is slowing, but the December figures...

2024-01-17 23:10:00 ET Summary The bond market ended the year with both duration and credit risk driving strong returns for a second consecutive month. 10-year Treasury yields slid to their lowest level since July after the Fed softened its stance on further interest rate hikes. ...