Ideas
EM bonds outperform on stronger fundamentals
Emerging market bonds have outperformed developed market bonds this year, up more than 3% while developed market bonds are down about 2%; fund managers expect the stellar year to continue because emerging markets have tighter inflation control, superior fiscal management, and support from dollar debasement.
Developed bonds face fiscal and inflation pressure
Developed market government bonds are under pressure and have lost about 2% this year because sticky inflation and wider fiscal deficits in the US, Japan, UK and France are creating a toxic backdrop, with Australian 10-year yields at their highest since 2011.
Robert Kaplan
Vice Chair, Goldman Sachs; former President, Federal Reserve Bank of Dallas
6:46
Long-term Treasury yields stay elevated
The long end of the Treasury market is likely to stay sticky because the market is skeptical that the US can manage its fiscal deficit and bend it down, so investors are demanding more compensation; without fundamental reforms, long yields may remain near 5-5.5%.
Indonesia and Philippine bonds are supported
Citi has been contrarian-positive on Indonesia bonds and also sees Philippine back-end bonds supported because these countries are doing more foreign-currency and multilateral issuance and more bill/front-end local issuance, which removes supply pressure at the back end; the bearishness priced into these bond markets is overblown.
Long rupiah, short Philippine peso
In Asian FX, Citi has been positive on the Indonesian rupiah for the last month and a half as bearishness was overblown, while the Philippine peso is one currency where pressure continues to increase because it is still overvalued and has room to weaken.
Long rupiah, short Philippine peso
In Asian FX, Citi has been positive on the Indonesian rupiah for the last month and a half as bearishness was overblown, while the Philippine peso is one currency where pressure continues to increase because it is still overvalued and has room to weaken.
Medium-term risk for EM local currency
While EM local currency has outperformed US Treasuries this year, Citi is worried medium to long term because the global fight for capital is intensifying, the global cost of capital is rising with Japan's 10-year at 3% and other DM yields higher; this may pressure EM local currency over time despite short-term technical stabilization.
China bonds rally on weak credit
China government bond yields are likely to keep falling because domestic demand remains weak, credit creation is weakening, there is a lack of assets, and the PBoC continues to buy bonds; Citi has a target below 1.6% for the 10-year yield.
JGB 3% milestone; fiscal keeps yields elevated
The 10-year JGB hitting 3% is a milestone; Citi revised BOJ policy rate expectations to 2% by end-2027 but 10-year yields will still be determined by Japan's expansionary fiscal outlook, and Citi's forecast is around 3%, so the move is aggressive but the direction was widely expected.
Nvidia's MediaTek investment signals strategic upside
Nvidia is investing $3.5 billion in MediaTek through convertible bonds because MediaTek is incredibly profitable, the world's best SoC maker, and a decade-long strategic partner; Jensen says the investment will generate incredible returns.
Nvidia dominates durable AI compute infrastructure
Nvidia's GPU is a general-purpose accelerator that speeds up the entire AI lifecycle from data processing to pre-training, post-training and inference, and accelerates every AI model; that makes Nvidia the most fungible, durable and rentable compute infrastructure in the world, available in every cloud, on-prem and at the edge.
Lin Ye
Vice President, Commodity Markets Oil, Rystad Energy
29:24
Brent holds geopolitical premium in stalemate
Brent is being supported by a geopolitical risk premium of about $8 a barrel after US-Iran strikes, but the US is only conducting economic strikes and avoiding Kharg Island, leaving the market in a stalemate; actual Strait of Hormuz flows are accelerating but opaque, so the market is watchful rather than in a clear directional break.
Axiata's dividend growth strategy attracts investors
Axiata is aiming to increase dividends by at least 10% annually through 2028 and already raised its interim dividend 10% year-on-year; the company is applying disciplined capital allocation and recycling capital to drive sustainable shareholder returns and win back foreign investors.
This Bloomberg Markets video, published September 01, 2026,
features Avril Hong, Robert Kaplan, Rohit Garg, Jensen Huang, Lin Ye, Nik Rizal Kamil
discussing Emerging market bonds, Developed market sovereign bonds, US Long-dated Treasuries, Indonesia government bonds, Philippines government bonds, Philippine peso, Indonesian rupiah, EMLC, China 10-year government bonds, 10-year Japanese Government Bonds, 2454.TW, NVDA, BNO, AXJA.
13 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Avril Hong,
Robert Kaplan,
Rohit Garg,
Jensen Huang,
Lin Ye,
Nik Rizal Kamil
· Tickers:
Emerging market bonds,
Developed market sovereign bonds,
US Long-dated Treasuries,
Indonesia government bonds,
Philippines government bonds,
Philippine peso,
Indonesian rupiah,
EMLC,
China 10-year government bonds,
10-year Japanese Government Bonds,
2454.TW,
NVDA,
BNO,
AXJA
