Author profile

Eldar Vakhitov

Years in the bond markets: 9

Specialist subjects: Macro economics

Likes: Hiking, football, travelling, reading, intellectual games

Heroes: Yuri Gagarin, Edmund Hillary

Ukrainian bonds have delivered one of the highest returns in EM this year

Can Ukraine continue outperforming?

Ukrainian fixed income assets have performed better than
expected this year, and delivered one of the highest returns in the emerging
market universe. Since the beginning of 2019, Ukraine’s five-year USD bond
spread has tightened by about 370bp, while the JP Morgan EMBI saw spread
compression of just 70bp year to date. Political novice Volodymyr Zelenskiy and
his Servant of the People (SP) par…

Read the article

Why the fresh US sanctions on Russia are unlikely to cause a meltdown

Late on Friday night, the US announced a fresh round of sanctions against Russia, effective from the 26th August. These restrictions represent the 2nd round of sanctions in line with the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (CBW Act). The announced sanctions include US opposition to the financial or technical assistance to Russia provided by international…

Read the article

Should investors care about GDP data revisions in emerging markets? A Benin case study

Statistical data represents only an approximation of reality, and sometimes not a very good one. Generally, the less economically developed a country is, the worse the quality of the data provided by the government authorities. This increases the likelihood of later revisions, as new facts are uncovered or the methodology adjusted to better reflect the changing reality. Investors in emerging ma…

Read the article