Much of the global bond market is struggling this year, with a conspicuous exception: below-investment-grade bonds issued by companies in emerging markets. Based on year-to-date results through Monday’s close (Feb. 12), this slice of global fixed income is outperforming and delivering a rare bit of strength in an otherwise lackluster field, based on a set of ETF proxies.
Daily Archives: February 13, 2024
Macro Briefing: 13 February 2024
* Rate cuts probably won’t start until the summer, says Atlanta Fed president
* January consumer inflation expectations “mostly stable,” reports NY Fed survey
* Saudi Arabia’s Aramco suspends expansion plans due to green transition
* Natural gas prices fall to 3-1/2 year low on
* Japan’s stock market continues to test multi-decade highs
* US small business optimism remains below 50-year average in January:
