We prefer selected subordinated financial debt within European credit and favor high - quality U.S. credit and
emerging market debt over government bonds, but credit valuations are elevated across the board.
We prefer selected subordinated financial debt within European credit and favor high - quality U.S. credit and
emerging market debt over government bonds, but credit valuations are elevated across the board.
Not exact matches
There's opportunity in
emerging market debt despite growing concerns
over higher credit levels and the impact of a strong dollar, the chief executive of Goldman Sachs Asset Management told CNBC on Tuesday.
In 1998 you had a rolling crisis of sorts where lots of little problems (
emerging market debt scares) eventually boiled
over into one bigger problem (the Russian default) and then appeared to be rolling
over into foreign
markets with the LTCM debacle.
Richard explains why we are upgrading European equities to overweight and downgrading
emerging market debt to neutral
over...
Against this environment, our strategists remain bullish on equities and continue to favor
emerging market currencies and, in the fixed income space, prefer local
markets over external
debt and maintain their higher - yielding yet better - quality bias.
International
debts grew as Western savings spilled
over into «
emerging markets.»
For example,
emerging market debt is up
over 10 % year - to - date (Bloomberg data).
We would cease to be an
emerging growth company if we have more than $ 1.0 billion in annual revenue, have more than $ 700 million in
market value of our Class A common stock held by non-affiliates, or issue more than $ 1.0 billion of non-convertible
debt over a three - year period.
Some concerns surround US dollar - denominated corporate
debt, which has risen steeply
over the past two years in
emerging markets to benefit from low US interest rates.
The continuing low level of government bond yields has supported the search for yield that has been evident
over the past couple of years, with the spread between yields on US government
debt and yields on both corporate and
emerging market debt remaining around historical lows
over the past three months (Box B).
Yield spreads between
emerging market sovereign
debt and US Treasuries have remained relatively low
over the past three months in most
markets (Graph 12).
Richard explains why we are upgrading European equities to overweight and downgrading
emerging market debt to neutral
over the short term.
Richard explains why we are upgrading European equities to overweight and downgrading
emerging market debt to neutral
over...
For example,
emerging market debt is up
over 10 % year - to - date (Bloomberg data).
To be sure, asset classes such as bank loans, high - yield bonds, and
emerging market debt require the investor to bear credit risk, but the yield spread
over the comparable - maturity government bond provides compensation for this risk.
The Powershares
Emerging Markets Sovereign
Debt Portfolio (PCY) is up 10 %, and has been the best performer in price among the aforementioned funds
over the past month, up 5 %, followed by a 4 % rise in EMB.