State Street Global Advisors presents a constructive outlook on Emerging Market Debt (EMD) for 2025, emphasizing the influence of U.S. monetary and fiscal policy on EM assets.
Key Insights:
- Hard Currency Advantage: Continued preference for hard currency EMD amid stabilizing U.S. Treasury yields and idiosyncratic credit opportunities in Argentina, Egypt, and Sri Lanka.
- Fed-Driven Tailwinds: U.S. rate cuts and a weaker dollar could support both hard and local currency EMD.
- -Risks Remain: Tariffs, geopolitical conflict, and a volatile policy backdrop under the Trump administration may weigh on sentiment.
Access the full report for insights into allocation strategy and macro scenarios shaping EM debt in 2025.
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