Fundamental: Is “Everything Rally” In Trouble?

January's rally in the 10-year U.S. Treasury yield is now completely undone, causing collateral damage in emerging markets (EM) debt. As you can see on the chart below, EM debt's losses in February are largely the result of higher "risk-free" rates – this applies both to sovereign and corporate bonds. Lower-rated bonds were also affected by higher U.S. ...     Alert Feb 23, 2023, 3:30pm Fundamental: Is "Everything Rally" In Trouble? January's rally in the 10-year U.S. Treasury yield is now completely undone, causing collateral damage in emerging markets (EM) debt. As you can see on the chart below, EM debt's losses in February are largely the result of higher "risk-free" rates – this applies both to sovereign and corporate bonds. Lower-rated bonds were also affected by higher U.S. ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support