We highlight eight trades/assets to watch that could make for interesting opportunities next year, or situations to avoid: Angola, Argentina, El Salvador, Ethiopia, Ghana, Sri Lanka, Ukraine and Zambia. A short programme extension, or approval of a n...

Omicron is spreading rapidly through both vaccinated and unvaccinated people. But for all the rise in risk aversion, the USD has not surged significantly stronger, and the VIX is elevated but not surging. The fact of the matter is that government bor...

We published our end-of-year trilogy last week (2021 review, 2022 Outlook and top picks for next year). Argentina and Ukraine – We were right to be cautious on both of these, with a Hold on both coming into this year. Egypt – One of our Top 5 picks h...

On Friday, Fed Governor Chris Weller indicated that a rate hike would likely be warranted shortly after the bank ends its bond purchases in March. As a result, the USD is looking to break out of a bull flag formation to retest highs last seen in June...

We present our top picks for 2022. In addition, financing needs looks manageable, but recourse to the IMF remains an option if conditions dictate. We retained our Sell recommendation on 1 December with a target price of US$55 for the SRILAN 6.85 03/1...

Hawks will be on the edge of their seats as they wait to see if the FOMC follows through with its recent communication and accelerates the pace of its taper and normalising policy. As a result, the monetary policy differential between the US and othe...