Massive interest burden haunts EM debt pile

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The story "Massive interest burden haunts EM debt pile" was covered 5 hours ago by The Star, a news publisher based in Malaysia.

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The Star 5h ago

Massive interest burden haunts EM debt pile - The Star

Quick Summary:

NEW YORK: Developing nations, already set for a turbulent 2025, are having to cope with ballooning interest payments on US$29 trillion of debt that built up over the last decade.

The possibility of another wave of busts underscores the risky outlook for EM debt investors, who were stung by a series of defaults after the pandemic.

All of the top 10 performers in a broad-based gauge tracking sovereign, emerging market dollar notes are from the high-yield space, averaging a 55% return this year.