A jaguar sits atop a tree at the Mamiraua Sustainable Development Reserve in Uarini, Brazil, in 2017. Brazil is an attractive hunting ground for investors, as the country’s real 10-year bond yield is above 7 per cent compared to real yield of below 1 per cent for US 10-year Treasury notes. Photo: Reuters 
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

As Treasury yields rise, don’t discount the returns in emerging markets – just yet

Nicholas Spiro says rising Treasury yields might be a call to shift investment away from high-yield bonds but, when adjusted for inflation, emerging markets still look attractive

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A jaguar sits atop a tree at the Mamiraua Sustainable Development Reserve in Uarini, Brazil, in 2017. Brazil is an attractive hunting ground for investors, as the country’s real 10-year bond yield is above 7 per cent compared to real yield of below 1 per cent for US 10-year Treasury notes. Photo: Reuters 
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