EFTA Document EFTA01362029

4 September 2015 US Fixed Income Weekly shown in our last report. issuers in many important EM domiciles. such as Chile, Mexico, Brazil, Indonesia, Russia, and Turkey have more than half of their total debt denominated in external currencies. predominantly in USD. It is also important to keep in mind that China's corporates have the lowest external debt burden of all major EM countries, at less than 20%. The focus thus should not be just China, but a potential for spillovers to the rest o