Are you sure you want to change languages?
The page you are visiting uses a different locale than your saved profile. Do you want to change your locale?
Emerging market (EM) debt saw strong returns in July (in USD terms) as it continued to recover from the sell-off earlier in the year. A weaker US dollar, broadly improving business confidence and purchasing managers’ indices (PMI) across Asia and Latin America, and further progress on COVID-19 vaccine trials underpinned gains. A steady rise in the oil price on improving demand, continued fiscal support, accommodative monetary policy from global central banks also provided support over the month.