Emerging Markets Post Record Foreign Bond Issuance Despite Iran Conflict and Rate Headwinds

Source Summary

Emerging market economies are issuing record amounts of foreign-currency bonds despite geopolitical tensions from Iran conflict, rising global interest rates, and a strengthening US dollar. Investor demand for emerging market debt remains robust despite these headwinds.

Why it matters

The continued strength of emerging market bond issuance despite multiple adverse conditions signals sustained investor confidence in EM assets and reveals the depth of global demand for higher-yielding debt.