Emerging market bonds undervalued, says Crédit Agricole
Yields on domestic currency sovereign bonds do not accurately reflect the prospects for growth in emerging markets over the next decade, say analysts at Crédit Agricole Corporate and Investment Bank.
Instead, bond yields are being influenced by the “weight of history”.
Speaking at a media briefing on April 13, asset allocation analyst Jean-François Perrin said local currency bonds from the larger emerging market sovereigns represent significantly better value than their US dollar equivalents.
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