Where Supply Meets Demand EM flows: Global-mandated EMDD funds saw inflows worth US$918m last week, from US$54m inflows from the prior week. Hard currency: Local currency: July 10, 2026 12:56 PM GMT EM Sovereign Credit Strategy | Global Year-to-date returns stand at 2.88% and 1.56% for hard currency and local currency, respectively. EM credit issuance: There was US$17.5in EM credit issuance this week, compared with US$10.2bn last week. ESG issuance: There was US$1.7bn in ESG-labelled bond issuance in EM thi ...