Insights
Quarterly perspectivesEmerging market debt: Momentum, Milei, and macro moves
In this latest episode, we explore the powerful forces shaping emerging market debt – from accelerating momentum and Argentina’s political shake-up to macro shifts driving investor flows.
Authors
Siddharth Dahiya
Head of Emerging Market Corporate Debt
Paul Mohr
Senior Director, US Institutional Business Development
Duration: 18 Mins
Date: Oct 22, 2025
“Investors across the world want to access the US corporate sector but perhaps don’t want to take increasing amount of dollar risk. That is a strong undercurrent which is clearly benefiting the EM market – both currencies as well as flows.”
In this episode of Quarterly Perspectives, Host Paul Mohr sits down with Global Head of Emerging Market Debt Siddharth Dahiya to unpack the standout trends shaping emerging market debt in Q3.
From resilient returns and record-breaking issuance to shifting macro undercurrents and headline-grabbing developments in Argentina and Brazil, the conversation offers a sharp, insightful look at what’s driving investor sentiment and market performance. Whether you're tracking spreads, sovereigns, or frontier flows, this episode delivers the pulse of the quarter – and a preview of what’s ahead.
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Important information
Projections are offered as opinion and are not reflective of potential performance. Projections are not guaranteed and actual events or results may differ materially.
Foreign securities are more volatile, harder to price and less liquid than U.S. securities. They are subject to different accounting and regulatory standards, and political and economic risks. These risks are enhanced in emerging markets countries.
Fixed income securities are subject to certain risks including, but not limited to: interest rate (changes in interest rates may cause a decline in the market value of an investment), credit (changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral), prepayment (debt issuers may repay or refinance their loans or obligations earlier than anticipated), call (some bonds allow the issuer to call a bond for redemption before it matures), and extension (principal repayments may not occur as quickly as anticipated, causing the expected maturity of a security to increase).
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