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The ironic world of EM bond indices
Weekly investor research
23 April 2019
It is no small irony that the two main providers of benchmark indices for developed economies either already include or may be about to include Chinese government bonds, while the main provider of index services in Emerging Markets still does not deem Chinese bonds adequately tradable for index inclusion. In other news, Argentina reverts to myopic economic policies, Chinese data beats expectations, Jokowi is re-elected in Indonesia, Imran Khan reshuffles his cabinet in Pakistan, CHP wins the local election in Istanbul, Zelensky is Ukraine’s new president and sequential growth in South Korean exports stabilises.