Market Strategy - Bond Rally Premature As Risks Still Elevated - 29 JULY 2013
Emerging Markets Monitor July 2013 / Argentina / Economy
The yield on Argentina's US dollar-denominated 2033 restructured sovereign bond has come in more than 200 basis points in recent days, from 16.1% to 13.6%, but we believe substantial risk of anothe...
Market Strategy - Regional FX And Fixed Income Strategy - 29 JULY 2013
Emerging Markets Monitor July 2013 / Africa / Economy
We expect that the South African rand will build on its recent rebound, while the Ghanaian cedi is set for further losses. Meanwhile, we prefer Nigerian local debt over West African peers due to...
Market Strategy - H113 Americas Asset Class Strategy Review - 08 JULY 2013
Emerging Markets Monitor July 2013 / Latin America / Finance
As we approach the mid-point of 2013 we take a look at our Americas Asset Class Strategy (ACS) performance so far this year. We feel that this is a particularly opportune time to revisit several of...
Market Strategy - Fixed Income: Set To Become A Regional Outperformer - 01 JULY 2013
Emerging Markets Monitor June 2013 / Paraguay / Economy
While Paraguayan sovereign debt has not been immune to the recent sell-off in global debt markets, we believe it is well-positioned from a macroeconomic perspective to be one of the outperformers...