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Emerging-Market Debt Attractive Right Now

Pimco says now is the time to buy emerging-market debt, as yields are up after the worst selloff in a decade.

By Ye Xie, Bloomberg | Updated on August 14, 2013

Investors should buy emerging-market (EM) debt after the worst selloff in more than a decade drove up yields, according to the world’s largest bond investor.

“From a fundamental point of view, we see value in the higher yields available on many EM bonds, both in local currency and U.S. dollars,” Ramin Toloui, the co-head of emerging markets at Pacific Investment Management Co. (Pimco), wrote in a note today. “In a global environment characterized by continued concerns about growth—even amid firmer economic indicators—policy interest rates in both developed and emerging countries are poised to stay low.”

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