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The Sweet Spot for Emerging Market Bonds

Downlaod PDF: Emerging Market Bonds High-yielding EM government and corporate bonds are likely to perform well in negative yields environment as investors search for yield. Although debt level has been rising, interest cost has been declining. Profit growth has also been outpacing the increase in interest cost, which does not translate the increase in debtContinue reading “The Sweet Spot for Emerging Market Bonds”

September 2019 – Big Picture Stuff: Inequality, Negative Yields and Inflation

Download PDF: Monthly_201909_The Effects of Money Printing by Central Bank Globally Why has inflation stay benign despite massive quantitative easing by most developed countries central bank? Negative Yields and Inequality It is natural that if something is not sustainable, it will stop. That is my general thoughts in the past few years after reading ThomasContinue reading “September 2019 – Big Picture Stuff: Inequality, Negative Yields and Inflation”

Lessons from Past Emerging Markets Cycles: Part II (Bonds)

PDF: Lessons from Past Emerging Markets Cycles Part II -Bonds In the past five years, the size of Emerging Market corporate and sovereign bonds has increased by over 50%. This highlights the increasing need of investment for EM to continue growing. Although currently the size of EM bond market is pale compared to U.S. bondContinue reading “Lessons from Past Emerging Markets Cycles: Part II (Bonds)”