5 min read 13 Mar 23
After another difficult year for emerging market (EM) bonds in 2022, with the asset class facing headwinds on numerous fronts, we believe easing inflation and a modest upturn in global growth should provide a more supportive backdrop in 2023. We also think EM bonds look compelling from a valuation perspective, with the asset class offering an elevated real yield which compares favourably with other segments of the fixed income market.
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