Are investors looking at another 'Goldilocks' scenario with EM debt?

EM duration offering attractive risk/returns

2016 started as yet another difficult year for emerging markets bonds, with China's slowing growth, collapsing oil prices and rising political risk dominating the headlines.

Yet the EMD sell-off seen in January and February has largely reversed, with the main benchmarks posting mid-to-high single digits returns year to date. Following the last FOMC statement and the revision of the 'dots' by the Committee, we find ourselves in a potentially much more positive environment for EMD, especially regarding bonds, both local and hard currency. Commodities 'fallen angels' and EM bonds offering best credit opportunities Looking at the latest data from the US and considering further QE and monetary policy easing by the ECB and BoJ, there is clearly a possibility...