The outlook for Emerging Market Bonds in 2025
The Weekly Globe: in this article, we analyze how factors such as yields, spreads, relative value, fundamentals, and geopolitics influence the outlook for emerging market bonds in 2025
By Marcelo Menusso, Chief Credit Strategist
2 minutes of reading

Emerging market bonds performed well in 2024, with returns between 8% and 9% for both government and corporate bonds. For 2025, a solid but more volatile year is expected, with returns between 5% and 6%.
In this article, we analyze the factors that most influence the outlook for emerging market bonds in 2025 and justify this expected outcome.