
EM Fixed Income: Cyclical winds blowing on the eve of Trump 2.0
At Any Rate
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Analyzing Asymmetry in Emerging Market Rates and Curve Dynamics
This chapter explores the complex relationship between emerging market rates and US rates, noting the muted response of EM rates to declining US rates. It also examines the evolving shape of EM yield curves, suggesting a trend towards steeper curves and greater variability in the short-term rates.
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