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Developed markets outperformed emerging markets in March, shows data

The 10-year US Treasury yield has moved from 1.2 per cent to 1.7 per cent in just six weeks.

emerging markets, development, people, growth, economy, traffic, hdi, developing
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The 10-year US Treasury yield has moved from 1.2 per cent to 1.7 per cent in just six weeks.

Samie Modak
Developed markets (DMs) outperformed emerging markets (EMs) in March amid the rise in US bond yields and the dollar. Germany, the US, and France were the better-performing major global markets last month. On the other hand, India, China and the Philippines were among the laggards.
 
Analysts say fears of weakness in emerging market currencies and the US “reflation trade” are prompting investors to pare their exposure towards EMs. This year until mid-February, global investors were seen preferring developing markets amid weakness in the greenback.
 
However, the tailwind has changed to headwind as the dollar gained momentum driven by

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