The election of Donald Trump has “no doubt” been deeply felt in emerging market sovereign bonds and currencies. But don’t be quick to judge, an HSBC report says. The “Trump tantrum” voters threw is different from the “taper tantrum” that sent stocks, along with emerging market currencies, reeling in 2013. There are decided fundamental trends driving price action that investors would do well to recognize along with nuanced undercurrents that will meaningfully impact bond investors. The emerging market bond rally ValueWalk has been writing about may just be starting in certain sovereign regions.
"Most vulnerable" sovereign bonds are in South Africa, Turkey, Malaysia and Mexico
When looking at sovereign credit opportunities around the world, there...
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