Dec 09, 2022
Era of peak yields signals entry point for emerging-market bets
The moment emerging-market investors have been waiting for as they endured the worst rout since the 2008 global financial crisis has finally come into view.
It’s a combination of two peaks. One, in inflation: Developing nations from India to Brazil are reporting declines in consumer-price growth, early victories in a war that’s gone on for two years. Two, monetary tightening: From the US to UK and Europe, wagers on rate hikes that kept surging until last month are now moderating.