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  Emerging Market Local Currency Review - 2nd Quarter 2017
Posted Under: Emerging Markets

Emerging Market Local Currency bonds continued to perform well through the second quarter. From our perspective, returns were buoyed by improving sentiment across most emerging markets with solid fundamentals attracting investor inflows into the asset class. The quarter saw lower yields as well as stronger emerging market currencies. A few notable political events in countries like Brazil led to a rise in volatility in some countries; however, these seem unlikely to alter the overall improving trend.

The most widely followed emerging market local currency benchmark, the JP Morgan GBI-EM Global Diversified Index (the "Index") returned 3.62% for the second quarter of 2017. The yield on the Index fell 40 basis points (bps) to 6.15% over the period, while the yield on 5yr maturity U.S. Treasury bonds were relatively flat, falling 3 basis point to 1.89%.

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Posted on Thursday, August 3, 2017 @ 3:38 PM • Post Link Share: 
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These posts were prepared by First Trust Advisors L. P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
 PREVIOUS POSTS
U.S. Investment Grade Credit Investor Update - 2nd Quarter 2017
Second Quarter 2017 CEF Review
Alternatives Update 2nd Quarter 2017
Senior Loan & High Yield Review - 2nd Quarter 2017
Municipal Update 1st Quarter 2017
The Value of Dividend Growth
Emerging Market Local Currency Review - 1st Quarter 2017
First Quarter 2017 CEF Review
Alternatives Update 1st Quarter 2017
U.S. Investment Grade Credit Investor Update - 1st Quarter 2017
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