Keel by KUSA Projects

Macro

The traditional, yet fast-evolving, perspective on EMs' place in the global markets and its two-way impact.

Hyper Hysteresis: Whatever Legalities, Trump Tariffs' Impact Will Last
Macro Opinion
Hyper Hysteresis: Whatever Legalities, Trump Tariffs' Impact Will Last

Research suggests the scattershot levies will induce lasting structural shifts, eclipsing targeted steel levies briefly deployed more than 20 years ago.

by  Bourgaize Murray
Rumble, No Tumble: Ratings Upgrade Flurry Elevates Mongolian EM Debt
Macro Trends ➤
Rumble, No Tumble: Ratings Upgrade Flurry Elevates Mongolian EM Debt

Central Asian outpost continues to benefit from improved fundamentals, global focus on metals.

by  Bourgaize Murray
After Istanbul, S&P Commodity Insights Eyes Abuja
Macro
After Istanbul, S&P Commodity Insights Eyes Abuja

Move serves commodities ramp-up in the Southern CEE and Central Asia, with Nigerian capital eyed in 2026.

by  Bourgaize Murray
Local Currency Bonds' Big Year Reveals Credibility, Not 'Magic': VanEck
Macro Trends ➤
Local Currency Bonds' Big Year Reveals Credibility, Not 'Magic': VanEck

Structural improvements and currency stability on display as EM debt continues to streak.

by  Bourgaize Murray
Growing 'Imperial Overstretch' Dims Dollar Viability as Equities Hedge: Pimco's Dhawan
Forums Trends ➤
Growing 'Imperial Overstretch' Dims Dollar Viability as Equities Hedge: Pimco's Dhawan

Status in question as geopolitical jolts continue to undo the longtime safe haven.

by  Bourgaize Murray
Emerging Markets, Quintessential 'TARA' Star
Macro
Emerging Markets, Quintessential 'TARA' Star

Pillars of the TINA trope have brittled, while triumphant TARA brings emerging markets to the fore. Will EM stick this time?

by  Bourgaize Murray
The Elusive Repeat: Six Pressing EM Questions Follow a Blistering 2025
Macro Opinion
The Elusive Repeat: Six Pressing EM Questions Follow a Blistering 2025

The last week of 2025 has arrived; the outlooks are done and dusted. Is it time for a smashing EM encore? Here's our editor's take.

by  Bourgaize Murray
Short, Sweet & 100 Bps: Barings' Focus on EM Corporates Duration
Trends ➤ Macro
Short, Sweet & 100 Bps: Barings' Focus on EM Corporates Duration

New research from Barings suggests corporates' maturation leaves short-dated debt undervalued, presenting significant upside for only marginal added credit risk.

by  Bourgaize Murray

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