Emerging Market Bonds Climb To Over 2-Year High Driven By Weaker Dollar, Fed's Interest Rate Shift
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 20 2024
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Source: Benzinga
Emerging Market Bond Rally: The bond market in emerging economies is experiencing significant gains, driven by expectations of U.S. interest rate cuts, with notable performance in Latin America and countries like Mexico and Brazil.
Capital Inflows Recovery: An IMF report indicates a slight recovery in net capital inflows to emerging markets, excluding China, suggesting improved financial conditions and optimism in the markets despite overall negative trends in 2023.
Analyst Views on EMB
Wall Street analysts forecast EMB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EMB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 96.480
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Current: 96.480
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
