We think emerging market (EM) dollar-denominated corporate bonds will perform poorly over the coming years, but we do not agree with suggestions that they will be the source of an imminent EM crisis. One or two firms may run into trouble, particularly in Brazil, Russia and Turkey. But the prospects for those in parts of central Europe and Emerging Asia appear much better.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.