By Gustavo Medeiros, Ben Underhill, Simon Cooke
The Emerging View

Generating impact and returns through EM public debt markets

Global sustainability funding needs are overwhelmingly concentrated in emerging markets, yet impact capital still skews to developed markets. The September Emerging View sets out why EM public debt is the most scalable way to close the gap.

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The Emerging View

Generating impact and returns through EM public debt markets

Global sustainability funding needs are overwhelmingly concentrated in emerging markets, yet impact capital still skews to developed markets. The September Emerging View sets out why EM public debt is the most scalable way to close the gap.
Weekly investor research

Bonds under pressure as Hormuz conflict flares up

Global bond yields remain under pressure as Strait of Hormuz tensions flare. The 10-year JGB tops 3% for the first time since 1996, S&P affirms India's 'BBB' rating and the Bank of Korea hikes to 3.0%.
Weekly investor research

The interventionist maths: higher JPY + lower UST = weaker USD

Bessent flags more long-end UST intervention; Iran's tone turns pragmatic. Ratings skew positive: Pakistan to B3, Kazakhstan to BBB, Poland A- negative. Egypt holds at 19%; South Africa CPI eases to 4.3%; Vietnam and Colombia flag reform needs.

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Elections in South Africa, India, and Mexico dominate the agenda.

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Middle East and Global Geopolitics: When it rains, it pours.

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US economic growth has surprised to the downside, inflation to the upside. A helicopter crash killed Iranian President Raisi. Israel’s Netanyahu faced more pressure from his cabinet. The US announced 100% tariffs on imports of Chinese electric vehicles.
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The pivotal role of forest preservation in the battle against climate change is well understood. Forests provide a crucial carbon sink, the destruction of which will further accelerate global warming. Indeed, an estimated 15% of global carbon...
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EM’s role in the AI revolution: disruptor or disrupted?

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China focuses on domestic reforms and overseas cooperation

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Two birds with one stone?: EM small caps

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Chinese stocks breaking out as US stocks wobble

The JPY posted high volatility overnight as over-extended short JPY positions remain in place. Bank Indonesia hiked policy rates by 25bps in a surprise move, signalling dissatisfaction with the USD strength derived from JPY weakness. EU-China relations...