HSBC Reaches For Yield, Likes What It Sees In India, Russian Sovereign Bonds

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Mark Melin
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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,…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.