EM debt fares well amid US Treasury selloff - EnterpriseAM
Source: EnterpriseAM
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DW NOTE
US Treasuries are selling off while EM debt holds steady — which tells you the Treasury market now prices more like sovereign risk than a reserve asset. When the supposed risk-free benchmark yields 4.77% and investors prefer exposure to developing-market paper, that's not EM strength, that's a repricing of American credibility.
Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u
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