Macro Analysis /

Taking stock of the EM credit rout

  • EM credit has sold off sharply, with spreads rising by 100bps since 6 June, 150bps since 5 April, and 160bps YTD

  • High yield has suffered most and will likely continue to underperform, despite pockets of value forming among frontiers

  • Over 25% of the index is trading at distressed levels, but investors are reluctant to catch a falling knife

Taking stock of the EM credit rout
Patrick Curran
Tellimer Research
15 July 2022
Published byTellimer Research


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