JPMorgan analysts have slapped a sell, or “underweight,” recommendation on emerging market local currency sovereign debt due to the global fallout from the Russia-Ukraine crisis. Emerging market fixed income assets have lost 6–9 percent of their value since Russia invaded its neighbor a month ago, JPMorgan estimates, with nervousness about the war and its impact…

Emerging economies across the world must prepare for interest rate hikes in the U.S. based on their circumstances and vulnerabilities, said the International Monetary Fund (IMF), as ripple effects of the hike could result in adverse feedback loops like financial instability, currency depreciation, and rapid inflation. Surging prices, tight labor market, and Omicron-related disruptions have led…