Macro Analysis /
Global

EM sovereign bond issuance eases in July as HY underperforms IG

  • EM hard currency sovereign bond issuance fell 15% in July to US$17bn

  • Issuance amounts to US$122bn ytd, although that is 7% below the same period last year

  • High Yield issuance was relatively subdued with four transactions amounting to just US$2.7bn

EM sovereign bond issuance eases in July as HY underperforms IG
Stuart Culverhouse
Stuart Culverhouse

Head of Sovereign & Fixed Income Research

Tellimer Research
2 August 2021
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