Reported about 9 hours ago
Emerging-market local debt is facing a downturn as a strong dollar and rising US tariffs lead fund managers to reassess their investments. The Federal Reserve's cautious stance on interest rate cuts exacerbates uncertainty, with fund outflows from local currency bonds and increased short-selling reflecting a lack of confidence. While emerging market currencies have seen gains, the outlook remains murky due to concerns about inflation and trade tensions under Trump's policies, prompting some investors to shift focus to hard-currency debt.
Source: YAHOO