Report published August 17, 2026
Bank J. Safra Sarasin: Emerging Markets Morning Pulse (August 17, 2026)
Source and citation context
- Issuer
- Bank J. Safra Sarasin
- Report date
- August 17, 2026
- Analysis as of
- August 17, 2026
Authors / editors: Mischa Kratzer (Trader), James Kalbermatter (Trader), Mateus Bernardo (Trader)
Finvaulta summarizes Bank J. Safra Sarasin's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Emerging market fixed income markets traded mixed on Friday amid rising core yields and thin summer liquidity, but recovered on Monday as US Treasury yields eased and the US dollar weakened. Geopolitical tension in the Middle East lifted Brent crude by 0.5% to around $89/bbl.
Key Takeaways
- 1.Global emerging market credit traded mixed on Friday amid higher core yields and thin summer liquidity, with lower Treasury yields pointing to a stable opening on Monday.
- 2.Expectations for a September Fed rate hike fell below 30% following weaker US retail sales and sentiment data, supporting emerging market currencies.
- 3.Brent crude rose 0.5% to $89 per barrel amid renewed geopolitical tensions in the Middle East and the prospect of additional US sanctions on Iran.
Table of Contents
- Rates
- Equities
- FX
- Oil
- Trader Comment MENA/Turkey/Africa (Mischa Kratzer)
- Trader Comment Latam (James Kalbermatter)
- Trader Comment CEE (Mateus Bernardo)
- Primary
- Turkey - Credit
- MENA - Credit
- South Africa - Credit
- LATAM - Credit
- ASIA – Credit
- Disclaimer / Important Information
Report data
Turkey - Credit — as of August 17, 2026.
| Metric | Estimate | Context |
|---|---|---|
| Brent Crude Price | 89.0 USD/barrel | Gained amid Middle East geopolitical tensions. |
| US 10-Year Treasury Yield | 4.68% | Yield eased Monday morning following Friday's 4bps rise. |
| US 2-Year Treasury Yield | 4.15% | Recovered as September Fed hike expectations dropped. |
| Germany 10-Year Bund Yield | 3.2% | Tested key technical resistance on Friday. |
| Probability of September Fed Rate Hike | 30.0% | Reduced after weak US activity data. |
Reports in this series
Emerging Markets Morning Pulse is shown in chronological order through this edition, published on August 17, 2026.
Part of the Emerging Markets Morning Pulse series — view all 5 editions
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Authors / Editors
Reported Data Context
- Brent Crude Price: 89.0 USD/barrel (2026-08-17)
- US 10-Year Treasury Yield: 4.68 % (2026-08-17)
- US 2-Year Treasury Yield: 4.15 % (2026-08-17)
- Germany 10-Year Bund Yield: 3.2 % (2026-08-14)
- Probability of September Fed Rate Hike: 30.0 % (2026-08-17)