Global

The most attractive real yields in EM as SVB collapse raises chance of Fed pivot

  • Markets are now pricing in a markedly more dovish Fed rate path post-SVB crisis, but we think repricing is excessive

  • Still, the prospects of marginally lower terminal Fed funds rate and weaker dollar could support EM local currency debt

  • We survey real 10-year yields across 32 EM, with Brazil, Uganda and South Africa standing out as particularly attractive

https://cdn.tellimer.com/providers/tellimer-avatarpng.png
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Disclosures

Tellimer is not authorised or regulated by any financial services regulator (including the Prudential Regulation Authority and the Financial Conduct Authority in the UK). Tellimer is a news and information service within the meaning of Article 54 of the Financial Services and Markets Act 2000 (Regulated Activities Order) 2001. The contents of this report are provided for information only and should not be regarded as invitation or inducement to engage in investment activity of any kind. Nothing in this article shall be construed as the giving of investment, tax legal or other advice by Tellimer or any other person.

As a User of the Tellimer Platform your Personal Data may be accessed by the Content Provider that Data for direct marketing. See Privacy Statement for more information.