JPMorgan menurunkan sebagian obligasi pasar negara berkembang, penurunan suku bunga Federal Reserve AS tidak mungkin mendorong aliran dana

Data Gold 10, 9 September, Morgan Stanley's view on some emerging market sovereign debt has turned cautious, the bank believes that the Fed rate cut is unlikely to stimulate a large inflow of funds into bond funds. Strategist Simon Waever and others suggest that investors take a short-term bearish view on this asset class, increase the cash level in their investment portfolio, focus on investment-grade bonds rather than higher-risk bonds, or sell credit default swap indices in emerging markets. According to a report published on Monday, the bank has excluded Nigerian, Argentine and Moroccan bonds from a basket of preferred bonds, and included 'cheaper' Mexican and Romanian bonds. Their forecast is partly influenced by the impact of the soft landing expectation of the US Suku Bunga market. 'A further decline in US Treasury yields may not be favorable to risk appetite,' they said, 'After the first rate cut, it may take up to 12 months for funds to shift from money market funds to risk assets.'