Emerging market assets have suffered since mid-October from renewed speculation that the US Fed will taper its asset purchases sooner rather than later. Both equities and bonds have sold off over the past month, particularly in Latin America. But the prospect of Fed tapering may now be priced in across many EM assets, evidenced by the muted market reaction to better-than-expected US jobs data last Friday.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services