Emerging markets, despite strengths, still get no respectEmerging market stocks as a group are down more than 10.5 percent, while EM bonds are down more than 7.7 percent — the worst performance of any major global fixed-income asset class this year.
The biggest headwind for EM bonds as a group, however, is the rise in U.S. interest rates and the strength of the U.S. dollar. Both make EM bonds relatively less attractive.
Some in the industry see a buying opportunity.
by Andrew Osterland
The Indonesian 10-year sovereign bond yields 8.24 percent. Brazilian 10-year bonds pay 11.6 percent.
The Argentine peso has dropped by more than 50 percent this year, and the Turkish lira by nearly 40 percent.
Most fixed-income analysts don't see the 10-year U.S. Treasury yield rising beyond 3.25 percent, and expect the Fed to slow its rate hikes next year.
Source: CNBC
https://www.cnbc.com/2018/10/01/emergin ... yourwealth
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