EM sovereign bond issuance in October was the second highest month this year
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EM hard currency sovereign bond issuance surged to US$11bn in October, albeit this was mostly due to KSA
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It brings total issuance to US$79bn ytd, still only half the amount seen in the same period last year
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Challenging EM financing conditions saw yields rise to over 9% before easing, with the total return flat on the month
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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