Key Takeaways EMB is drawing interest as dollar-denominated EM bonds offer income away from the US-Europe tariff conflict.EMLC benefits from expectations that favorable inflation will support EM local currency debt.VWOB stands out as EM bonds offer compelling carry versus developed markets with tightening yield spreads.As the first month of 2026 witnessed an intensifying trade war between the United States and Europe over the Greenland dispute, investors are likely to increasingly pivot toward safe-haven as ...