Wealth Tracker: Why emerging market bonds are the fixed income star of 2025

Emerging market bonds are stealing the spotlight in global fixed income this year. With local-currency debt up nearly 14% and hard-currency debt climbing 8.7% by August 2025, investors are asking: how can EM bonds strengthen your portfolio? From managing currency and credit risks to spotting the regions offering the best risk-adjusted returns, we break down what’s driving the EM bond story today. On Wealth Tracker, Nadiah Koh speaks to Leonard Kwan, Portfolio Manager for the T. Rowe Price Dynamic Emerging Markets Bond Strategy to find out more. See omnystudio.com/listener for privacy information.