高盛：新兴市场本地利率对美国后端压力相对抗跌的理由

21 May 2025 | 4:09PM BST Global Markets Daily: The Case for Relative EM Local Rate Resilience to US Back-End Pressures (Gedminas) The Case for Relative EM Local Rate Resilience to US Back-End Pressures Concerns Over US Long-End Spillovers Come at a Time of Tight EM Local Spreads The US-China tariff relief brought a sharp recovery in cyclical and risk assets, as the market priced out some of the downside risks to global growth. This shift puts EM local rate markets in an awkward position, as the front-end-le ...