WisdomTree: Federal Reserve Tapering Part II: Emerging Market Local Debt Performance
August 11, 2014 at 11:00 AM EDT
In part two of our discussion, we focus on the impact of recent changes in Federal Reserve (Fed) policy on locally-denominated fixed income across emerging markets (EM).1 As we noted in part one, higher short-term interest rates in emerging markets helped dampen losses from currency depreciation...