September’s publication summarizes an article on the unstable relationship between emerging markets debt spreads and U.S. interest rates, and the variety of factors that “push” and “pull” money to emerging markets.
- “U.S. Interest Rates and Emerging Market Bond Yield Spreads: A Changing Relationship?” Cheikh A. Gueye and Amadou N.R. Sy, The Journal of Fixed Income, Spring 2013