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June 29, 2026

Emerging Markets Bond List

Market ReportRates CreditEnergyFinancials

This report provides UBS Chief Investment Office's categorized recommendations for Emerging Market bonds, ranging from attractive to sell. It covers a wide array of sovereign and corporate issuers across various currencies and regions.

Key Takeaways

  • 1.The CIO Top Emerging Markets Bond List provides guidance on highest conviction EM bonds, combining bottom-up credit analysis with tactical top-down calls.

Table of Contents

  • Guidance on bond characteristics
  • Guidance on credit ratings and subordinated bonds
  • Top Emerging Markets Bond List
  • Sell Recommendations
  • Changes to the recommendations
  • Additions and Deletions
  • Reference lists
  • Issuer descriptions and credit-risk flags
  • Appendix

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Authors

Alberto RojasAlejo Czerwonko

Securities

AIA GroupPetrobras 6% 2035

Themes

Subordinated debt / Tier 2 capitalSustainability-linked bonds

Regions

Asia PacificEuropeMiddle EastChinaIndonesiaIndia