Local Corporate Debt Still Risky

Local Corporate Debt Still Risky


Local currency-denominated corporate bonds remain unattractive for some EM debt investors, despite a strong draw to government issued local debt in many LatAm and Asian countries. Dave Leduc, senior PM for global fixed income at Standish, believes local currency government bonds offer attractive returns, pointing to an average annual yield of 8% for the asset class and between 10%-12% in places like Brazil. They are one of the best ways to play EM countries’ recently-earned solid fundamentals an

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