A strong case for emerging market hard currency debt

The Beyond Markets podcast channel is wrapping up on a high note at the end of 2025. But do not worry! The conversation continues on our podcast Moving Markets by Julius Baer, where we'll be sharing fresh insights and analysis on current market developments. Subscribe to Moving Markets on Spotify Subscribe to Moving Markets on Apple Podcasts The emerging market bond market is offering some interesting yields in absolute terms at the moment, and we expect the rate-cutting cycle in developed markets to start later this year, which should support emerging market hard currency debt. In this episode of the Beyond Markets podcast, Helen Freer, Investment Writer, talks to Esteban Polidura, Head of Americas Investment Strategy, and Dario Messi, Fixed Income Strategist, about this segment of the bond market and why we currently like it.01:15 Why do we like EM hard-currency bonds?04:27 Why invest in EM hard-currency debt rather than equities?05:33 What about investing in developed market high-yield debt?06:49 Do we like any regions in EM in particular?09:00 Shorter-dated or longer-dated bonds?09:42 Why we like EM hard-currency bonds and not local currency bonds?12:30 What risks are involved in such investments?Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.