![2019-05-07_24blog_supply-slowdown-points-to-clo-performance](/sites/default/files/styles/teaser_image_max715/public/2019-05/2019-05-07_24blog_supply-slowdown-points-to-clo-performance.jpg.webp?itok=5ic1sJGA)
Thoughts on EM
Emerging Market (EM) bonds have had a good year so far. While they are not at the very top of the performance table, the hard currency CEMBI (Corporate Emerging Markets Bond Index) is up 5.69% in $ since the start of the year, and the EMBI (Sovereigns) is up 6.32%; not bad at all.