(Bloomberg) As the hunt for investments that can withstand rising interest rates gathers pace, frontier assets are gaining popularity over their larger emerging-market peers.The bonds of the world’s least-developed economies have returned 2.6% this year, keeping pace with their 2020 performance, while higher-ranked emerging-market debt has lost almost 2%, reversing some of last year’s 5.3% advance, according to JPMorgan Chase & Co. indexes.With speculation growing that the world’s post-pandemic economic recovery is fueling inflation, the bonds of smaller developing nations are luring buyers as their securities tend to be of shorter duration meaning they are less sensitive to expectations for interest-rate increases. The average duration of frontier-market sovereign bonds is six years, compared with 7.9 years for traditional emerging markets, JPMorgan indexes show.“People are still worried interest rates have to rise and they are looking for yield an
Frontier Debt Shines as Unlikely Haven in World of Rising Rates bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
5th April 2021 - 11:35 GMT | by David Walsh in Washington DC RSS
How can the US recover ground it has lost to China and Russia in electromagnetic spectrum operations? (Photo: DoD)
As US dominance ebbs away, is it time for a DoD electromagnetic spectrum supremo?
Ineffective leadership means that US military pre-eminence in electromagnetic spectrum operations (EMSO) is shifting dangerously towards adversaries.
Such was the verdict of a Government Accountability Office (GAO) report in December 2020 its third warning in eight years.
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