Macro Analysis /
Global

EM sovereign bond issuance rose 11% in May but activity is still subdued

  • Sovereign issuance rose 11% in May to US$7.4bn, although that shouldn't detract from still subdued levels of activity

  • It brings total EM hard currency sovereign bond issuance to US$50bn ytd, 60% of what it was in the same period last year

  • Twin shocks of war and rates continue to weigh on issuance, although end-month rally may open up a window for some

EM sovereign bond issuance rose 11% in May but activity is still subdued
Stuart Culverhouse
Stuart Culverhouse

Chief Economist & Head of Fixed Income Research

Tellimer Research
2 June 2022
Published byTellimer Research

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