Investment insights from Capital Group
US real rate rises similar to the 2013 taper tantrum
US 10-year real yield
G4 QE holdings compared to US financial conditions
12-month change, USD
EM real yield differential rising
EM real yields minus US real yields
Past results are not a guarantee of future results.
As at 26 May 2022. EM yields calculated using GBI-EM Broad Indices. US yield is the Bloomberg generic 5-year index. Inflation is core CPI for the individual countries. Sources: Bloomberg, Capital Group calculations
1. EM local bonds (GBI-EM Global Diversified Index) suffered a peak-to-trough return of -22% over three years from the 2013 taper tantrum. Source: JPMorgan
2. As at 20 May 2022.
Risk factors you should consider before investing:
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Past results are not a guarantee of future results. The value of investments and income from them can go down as well as up and you may lose some or all of your initial investment. This information is not intended to provide investment, tax or other advice, or to be a solicitation to buy or sell any securities.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. All information is as at the date indicated unless otherwise stated. Some information may have been obtained from third parties, and as such the reliability of that information is not guaranteed.