LEMB News and Press, iShares J.P. Morgan EM Local Currency Bond From 01/18/24

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. ...

2024-01-17 05:00:00 ET Summary We see ample opportunities in EM frontier and distressed credit. We remain concerned about governance issues within Honduras, which leads us to believe there is better relative value elsewhere. We believe Guatemalan President Juan José Areva...

2024-01-16 02:30:00 ET Summary The emerging market fundamental situation, while not overly exciting, has remained satisfactory for emerging market debt investors. Commodity prices and EM macro stability have endured and broadly resisted the test of both a slowing China and an unpr...

2024-01-13 09:45:00 ET Summary Given the world's turmoil, the capital and commodity markets have remained firm. China will be the first large economy to report Q4 GDP in the days ahead and it too is not collapsing. We think the market is still too confident of a rate cut as so...

2024-01-12 07:45:00 ET Summary The odds of a Fed rate cut in March is virtually unchanged. US and UK strike on the Houthi in Yemen has helped lift oil and gold prices, but otherwise the impact on the markets is minimal. Gold set a new high for the week. February WTI has re...

2024-01-12 03:19:22 ET Summary Fixed income funds realized a return of positive 6.06% during fourth quarter. Tax-exempt bond funds (+6.79%) outperformed taxable bond funds (+5.81%) for first time all year. Passive funds returned a positive 6.19% compared to active’s 6.0...

2024-01-11 23:05:00 ET Summary Over the past couple of years, solid economic activity and stubborn inflation led central banks to hike interest rates to levels not seen in decades. In 2023, these rising global rates, combined with a strong U.S. dollar and tightening liquidity cond...

2024-01-11 07:00:00 ET Summary The dollar's broad consolidative tone has continued into today. China will report December CPI and PPI tomorrow. Recent news that European Council President Michel will leave his post early if he is elected to the European Parliament has renewed ...

2024-01-10 08:42:00 ET Summary The downward inflation trend has bolstered market confidence that monetary policy is sufficiently restrictive as to achieve the FOMC’s longer-run goals. Further, policymakers’ rhetoric has turned more dovish, suggesting that a critical infl...