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Outlook 2024 EMD – Shifting the focus back to emerging markets

Outlook 2024 EMD – Shifting the focus back to emerging markets
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Alejandro Arevalo , Reza Karim ,

bonds: EM funding gets creative as dollar bonds dry up

The sale of dollar bonds from developing countries sunk to the lowest since 2021 in August as global yields spiked to multi-year highs and 15 emerging nations traded at distressed levels. Only $1.4 billion has been raised in emerging debt this month, compared with $4.5 billion in August 2022 and average monthly sales of $15.4 billion this year. ....

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