Investors who stuck with bonds from countries that defaulted or are on the brink are betting the double-digit returns they’ve posted over the past month are just the start of a rally
Junk-rated government dollar bonds from El Salvador to Nigeria and Turkey are outperforming this month as money managers take on risky bets in exchange for out-sized returns
Wall Street has been caught by surprise by a rally in local emerging-market debt, an asset class that’s been largely abandoned by foreign investors after a decade of underperformance
Multiple rate decisions from India to Russia, Chinese trade and inflation numbers, other consumer-price reports from Turkey to Brazil, and testimony by the European Central Bank president will be among the highlights next week
Local debt has been the star performer among emerging-market bonds this year and its advantage over hard-currency notes is likely to persist, according to JPMorgan analysts
Mexico benefits from strong remittances and stands to win big from plans by Tesla Inc. and other companies to build factories closer to US consumers, a trend known as nearshoring, says the firm
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view
