U.S. Dollar and Yields Rise With Probability of Four Fed Hikes

#16710
Truman
Participant

As core yields rise and the dollar strengthens, emerging markets with deepening current account deficits remain under pressure.

YTD returns in EM credit and EM local markets now stand at -3.7% and -2.4%, respectively, while EM dedicated bond and equity funds had their worst week of outflows last week since the volatility spike in February