China’s Bonds Being Left Behind in Clamor for Emerging Market Debt
- Goldman doesn’t see large inflows to China government bonds
- T. Rowe Price underweight China bonds, shifts focus to LatAm
This article is for subscribers only.
With bond investors seen returning to emerging-markets en masse next year, the biggest of them all might get the shortest shrift.
Expectations of a China growth rebound as authorities roll back Covid Zero policies are reducing the appeal of its sovereign debt. That’s at a time when funds are loading up on developing nation bonds amid bets that the Federal Reserve may end its tightening cycle next year.