Rally Fades for Emerging Markets

The video discusses the strong performance of emerging market assets, highlighting a 17% rise in the MSSI emerging market index compared to an 8% rise in developed markets. It emphasizes the enthusiasm for emerging market bonds, particularly in Turkey and Russia, despite geopolitical risks. Concerns are raised about indiscriminate investment in these markets, with warnings from experts like Blackrock's head of emerging market corporate debt. The discussion also touches on the potential impact of US economic indicators and Fed rate decisions on emerging markets.

What is the current risk premium for holding emerging market debt compared to US Treasurys?

What warning did Blackrock's head of emerging market corporate debt give regarding the current market?