The Glass Half Full Elements of Emerging Market Credit

I feel this has sort of been a US and European problem. Emerging markets have gone on the back pages, haven't they? But what's happening in emerging market credit there,. That bankers have experienced some falls, haven't They? Yeah, I mean, emerging market credit is wider in sympathy with what we've seen in a more in a vessel grade and high yield credit in the US. Then it makes emerging market credit relatively expensive now as well. The dollar over this period has been weaker. So that's a medium term positive for emerging markets but they have been caught up in a little bit in the general risk of tone. We're talking about fewer rate hikes in the U.S