As U.S. Treasuries wobble under the weight of budget deficits and rate uncertainty, emerging market debt is quietly staging a comeback — offering higher real yields, currency resilience, and inflation breathing room.
Investors accustomed to reflexively retreating to Treasuries in times of volatility are reconsidering. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) is down over 8% over the past year, and still negative year-to-date.
