BlackRock: Emerging Market Dollar Debt Currently Quite Attractive

Odaily News BlackRock strategists stated in a report that as the Middle East war drives up the US dollar, US dollar-denominated debt in emerging markets appears quite attractive. They pointed out that US dollar-denominated debt is unaffected by local currency fluctuations. The strategists also noted that compared to other emerging market assets, sovereign debt from commodity and energy exporting countries may be more resilient. (Jin10)