Macro Analysis /
GlobalEM sovereign bond issuance recovered in August amid challenging conditions
EM hard currency sovereign bond issuance recovered to US$3.1bn in August, after nothing in July
It brings total issuance to US$61.5bn ytd, about half the amount seen in the same period last year
EM sovereign bonds had another challenging month, with a total return of -1%, although HY outperformed IG
Stuart Culverhouse
Chief Economist & Head of Fixed Income Research @ Tellimer Research
1 September 2022
Published byTellimer Research
