Bips & Pieces
Yield to Maturity of Individual Securities Key Barometer for Credit Risk – IDFC Mutual Fund
Investors should pay more attention to the yield to maturity (YTM) of individual securities when assessing credit risk in a portfolio, according to a note from Arvind Subramanian, Fund Manager at IDFC Mutual Fund.
30 Jan 2020
Spike in Africa Eurobond Maturities in 2024, 2025 Shouldn’t Overwhelm Sovereign Refinancing – M&G
Despite elevated idiosyncratic risk and concerns around emerging market sentiment more broadly, a spike in African Eurobond maturities in 2024 and 2025 is unlikely to overwhelm the sovereigns’ ability to refinance their bonds given advances in active debt management and a positive track record of repayment, according to M&G Investments.
29 Jan 2020
Pakistan’s External Balance Improved More than Expected Under IMF Programme – JP Morgan Securities
The USD6bn loan to Pakistan approved by the IMF in mid-2019 has gone some way to helping stabilise the country’s economy in the face of domestic and external headwinds.
29 Jan 2020
Strong Link Between Prosperity and Emissions Undermines Sustainability Push
The research casts doubt on feasibility of combining high economic growth targets with sustainability objectives, with potential implications on development of “green finance” markets.
29 Jan 2020
Regulatory Tweak Expected to Boost Foreign Investment in Paraguayan PPP Projects
So far a lot of institutional investors from Europe and North America have been cautious of the construction and other risks associated with public works projects in the Southern Cone nation, but this may all change following an upcoming legislative change.
29 Jan 2020
Global Interest Rates Outlook: Lower-for-Longer
The underlying factors behind low interest rates are unlikely to change in coming years, meaning that the near-zero yields are here to stay, Moody’s analysis suggests.
28 Jan 2020
Egyptian Pound Bolstered by Foreign Inflows into LCY Market – Standard Chartered
Global risk appetite and high yields in Egypt’s local currency market are helping to bolster the strength of the Egyptian pound, according to a recent note from Standard Chartered.
28 Jan 2020
Geopolitical Policy Uncertainty, Asset Quality Deterioration, Vulnerability to Fickle Investor Sentiment Weigh on EM Banks – Especially in Turkey
Global and domestic tensions that could threaten policy continuity, asset quality deterioration, and shifting emerging market investor sentiment remain to remain the dominant risks for emerging market banks in 2020, says S&P Global. Turkey remains particularly vulnerable.
27 Jan 2020
Global Soybean Supply to Fall Due to Lower US Production – ABN Amro
Whilst the phase one trade deal brokered between the US and China is only temporary, it is beneficial for sentiment towards agricultural commodities, argues a recent report from ABN Amro.
27 Jan 2020
GCC Fixed Income Ourperformed All EM Peers in 2019 - Markaz
The GCC fixed income market outperformed all other emerging markets in 2019, delivering a return of 14.5%, as represented by the S&P GCC bond index.
27 Jan 2020