Local-currency emerging-market debt outlook supported by macro backdrop

Eaton Vance
By December 14, 2020 14:55

Local-currency emerging-market debt outlook supported by macro backdrop

December 2020 

  • Emerging-market debt (EMD) continued to benefit from a broad market rally in the third quarter of 2020, with local-currency sovereign EMD, hard-currency sovereign and corporate credit all posting positive returns.
  • We hold a higher conviction for currencies, as we believe that easy monetary policy in developed markets, a relatively weak U.S. dollar and a rotation into local …

Eaton Vance
By December 14, 2020 14:55

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