How EM debt benefited from rate cuts and market conditions

Emerging market debt saw strong performance in Q3 2024, supported by favourable market conditions, including the US Federal Reserve's rate cuts and a weaker US dollar. Despite initial uncertainty due to geopolitical tensions and fluctuating EM core rates, the overall outlook for EM debt improved as the quarter progressed. Both local and hard currency bonds benefited, with declining US Treasury yields and narrowing spreads boosting returns. Investors are closely monitoring these trends as EM debt continues to offer attractive opportunities. Read more to discover the key trends influencing...