Latest Emerging Market Viewpoints
From Matt Linsey and the North of South Capital team
The hunt for yield is back
Over the past nine months the world has changed dramatically. Towards the
end of last summer, US 10 year bond yields were at 3.2% - levels almost recognizable to someone from a time before QE and ZIRP. German 10 year bond
yields were low but clearly positive. Emerging markets were responding in ways that reflected their fundamental strengths and weaknesses – a collapse
in Turkey and Argentina, steadily rising yields elsewhere. Normalization of interest rate policy was expected and asset prices were going to reflect
this.
