The Turkish banking sector continues to face pressure on asset quality, with interest receipts in 4Q2019 falling around 10% below the interest accrued, according to a recent note from Fitch Ratings.
7 Jan 2020
Mark Mobius, Director of Mobius Capital Partners gives his outlook for 2020
2 Jan 2020
Bonds & Loans examines the strengths, weaknesses, opportunities and threats facing the Brazilian market following a research trip to the region.
22 Nov 2019
EM benefited greatly from the improvement in US-China trade relations and quite possibly Brexit. The dollar is likely to remain under some pressure near-term as a result. Yet we must caution investors against getting too optimistic. The details of the partial trade deal still need to be worked out, while existing tariffs will still remain in place if the deal is signed next month as most expect.…
14 Oct 2019
Bonds & Loans examines the strengths, weaknesses, opportunities and threats across Africa following a research trip to the region.
10 Oct 2019
Market sentiment rallied last week on a lot of unsubstantiated claims by President Trump regarding China trade talks. At best, we know there is no further escalation (for now). At worst, the two sides remain far apart, and a deal is unlikely until 2020. That’s no reason to load up on EM. As long as current and planned tariffs are in effect, global growth risks will remain high and EM will…
2 Sep 2019
The South African fixed income market is at risk of neglecting governance-related issues if domestic demand for fixed income assets continues to outpace supply, according to Rand Merchant Bank’s Co-Head of the Debt Financing Group.
30 Aug 2019
The US-China trade war is extending and expanding. There is no longer any semblance of a truce, and this is unequivocally negative for EM. CNY, INR, SGD, MXN, and BRL are making new cycle lows, and many other EM currencies are likely to follow suit.
27 Aug 2019
As major Central Banks look set for more monetary easing, yield-hungry investors are once again piling into some of the more exotic sovereign bonds - and supply is growing in response.
21 Aug 2019