In this briefing: EM Fixed Income: Sticking to the knitting Global Rates: 2026 Global government issuance outlook Exencial Industry Tidings Lower US-China Stress in 2026, but Currency Tensions Could Easily Return The Global Footprint of the IEdge Singapore Next 50 1. EM Fixed Income: Sticking to the knitting Focus on key global economic drivers in EM markets Headlines such as political flashpoints and Fed independence may not have significant impact on global economic outlook Favorable macroeconomic environment supporting EM currencies, high yield local bonds, and growth forecasts This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. 2. Global Rates: 2026 Global government issuance outlook Forecasting a decline of approximately 13% in net issuance of conventional government bonds in 2026, driven mostly by the US Treasury. DMOs in the euro area, Japan, and the UK are reducing reliance on long-end issuance, with the US expected to follow suit.