Reported about 1 year ago
Bond investors in emerging markets are prioritizing good government practices over monetary policy, resulting in a shift towards selling bonds from countries with looser fiscal policies and buying debt from nations emphasizing fiscal vigilance. The second quarter performance trend shows that countries like Argentina, Turkey, and Egypt, which are undertaking fiscal reforms, are the top performers. This shift is influenced by the belief that monetary easing may not be as effective in the long run, with investors rewarding governments making tough fiscal decisions the most.
Source: YAHOO