Will Emerging Markets DCM Crisis Be Averted?
(26 January 2024 – Global) Debt capital market (DCM) investors are returning to “blacklisted” countries frozen out of bond markets since 2021.
Optimism is building towards averting a debt crisis in developing markets FT reports. A global bond rally in anticipation of interest rate cuts in the US and other major economies has snagged riskier debt as investors seek greater returns.
“It is looking better overall, and what has improved is access to financing. I do think there is a chance that some who have been excluded from markets will have access now” said Morgan Stanley Global Head of Emerging Markets Sovereign Credit Strategy, Simon Waever.
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