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Carpe EM?

Feb.14 -- Emerging-market local-currency bonds have been resilient despite the coronavirus outbreak. Central banks have been quick to act to the virus threat, with Malaysia, Thailand and the Philippines cutting interest rates, and Singapore and Indonesia providing dovish forward guidance. That’s helped boost developing nation bonds, while equities have remained under pressure as analysts lower profit forecasts. Bloomberg's Jonathan Ferro sat down with Academy's Peter Tchir, Winnie Cisar of Wells Fargo and BlackRock's Jim Keenan to debate the outlook for emerging market debt.