Bond Bulletin: EM local debt - Value after the rate repricing
Amid the continued closure of the Strait of Hormuz, concerns around energy supply disruption and the potential pass-through into inflation have quickly fed into global central bank pricing. In this week’s Bond Bulletin, we assess whether the resulting repricing has created value in emerging market (EM) local debt, and whether investors are being adequately compensated for the risk of a more persistent inflation shock.
