- 12 June 2026
Beyond the headlines: The case for EM debt today
- PROFESSIONAL INVESTORS
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- 16.06.26
Emerging market (EM) fixed income remained resilient in May, despite the US-Iran conflict continuing to dominate headlines. Global bonds sold off mid-month, with US Treasury yields rising sharply amid growing inflationary concerns as oil prices remained elevated. However, by month end, growing optimism that the conflict could de-escalate led to oil prices falling and US Treasuries rallying, recovering some of their earlier losses. Despite this, yields were higher across the curve, while a stronger US dollar weighed on some EM currencies.
Read more from Ninety One's EM debt team as they share their latest outlook and positioning across the investment universe.






