We expect local-currency government bond yields in most emerging markets (EMs) to rise a bit in 2022, as EM central banks continue to tighten monetary policy and US Treasury yields increase. In China, though, we think that bond yields will decline as the country’s central bank loosens monetary policy.
Note: Central Bank Drop-In – The Fed, ECB and BoE are just some of the key central bank decisions expected in this packed week of meetings. Neil Shearing and a special panel of our chief economists will sift through the outcomes on Thursday, 16th December at 11:00 ET/16:00 GMT and discuss the monetary policy outlook for 2022.
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