We see improving outlook for credit in general due to overwhelming policy action to limit the coronavirus shock and recent market selloffs. Yet we have turned more cautious on emerging market (EM) local debt despite depressed valuations after selloffs. Why? Currency is key. Some emerging economies have allowed their currencies to weaken to help absorb […]
source https://thebtrader.com/2020/04/21/caution-emerging-market-local-debt/?utm_source=rss&utm_medium=rss&utm_campaign=caution-emerging-market-local-debt
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