This is the latest monthly update on Emerging Markets Bond. It provides a review of the market and the latest outlook for the sector. View for more details.

Key Highlights 

  • Risk assets made further gains amid continued strength in oil prices, which briefly reached their highest levels since November, the Federal Reserve reconfirming its dovish stance and better data from China.
  • We added moderately to risk and bought small positions in some African credits before the IMF spring meetings in anticipation of potential announcements of IMF program progress.
  • The rally in EM debt has been supported by stabilizing commodity prices, a more dovish US Fed and waning concerns about Chinese growth.
  • We continue to focus on idiosyncratic EM credits where we see positive fundamentals which are not fully priced yet.
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