Reported about 11 hours ago
Traders and money managers are optimistic that the Federal Reserve's return to cutting interest rates will further drive the emerging market (EM) bond rally, which has already seen a 15% gain this year, the best performance since 2017. The shift from the Fed is making investments in local currency-denominated debt attractive, particularly as the dollar weakens. Countries like Brazil and South Africa are expected to benefit from this trend, although analysts caution that potential geopolitical tensions and a strengthening dollar could dampen future gains.
Source: YAHOO