Tellimer Frontier Bonds Index: Frontier set to outperform EM
The Tellimer frontier market yield has risen this year by 7bps to 6.78% compared to a 59bps rise on Investment Grade EM
Reasons include high commodity prices, easing in default fears and SDR allocation, which tend to benefit frontiers more
Still wide frontier premium provides room for further outperformance although higher government debt poses key risk

Chief Economist & Head of Fixed Income Research @ Tellimer Research
