Related: Short-Term Bond ETFs Play a Role in Any Environment
Furthermore, the fundamental picture looks stronger. The global economy is expanding and the export-driven emerging markets will benefit, especially with rising commodity prices – the World Bank projects the global economy will grow at a 3.1% rate this year, with the emerging markets showing a 4.5% expansion in 2018 and 4.7% in 2019.
Many developing countries have also managed stable debt levels, with less than half the ratios in developed market countries. China is a notable exception as it shows sovereign debt exceeding 200% of GDP.
For more information on the fixed-income market, visit our bond ETFs category.