Emerging Market Fixed Income Outperforms Developed Market Bonds -- Market Talk
Dow Jones2026/09/29 05:120512 GMT - Emerging market fixed income has not been immune to the global bond yield sell-off, but it has outperformed developed markets since August, says Guillaume Tresca at Generali Investments in a note. Emerging market sovereign spreads have also been broadly stable, the senior emerging market strategist says. "This outperformance confirms our long-held view of the resilience of EM countries, which is supported by structural macroeconomic improvements," he says. In addition, EM central banks are ahead in the hiking cycle, thus providing a degree of anchoring at the long end, he says. This resilience can persist as long as the U.S. dollar does not strengthen meaningfully, Tresca says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
September 29, 2026 01:12 ET (05:12 GMT)
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