EM Conf take-aways: global conflicts, elections, rates & oil price volatility

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EM Conf take-aways: global conflicts, elections, rates & oil price volatility

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Global Emerging Markets Credit Research

EM Conf take-aways: global conflicts,

elections, rates & oil price volatility

EM Corp Conference 2026 & World Cup dynamics 01 July 2026

In our 15th annual EM Conference held from June 23-25th in Miami, we held 28 panel Global Emerging Markets | Corporate

discussions. This was in addition to a series of 1x1 and small group meetings from Credit

issuers around the world. A key highlight was the ongoing World Cup Games and the Anne Milne

presence of several well-known former players to spice up our normally serious focus on Research Analyst

financial matters. Our key-note speaker was Gary Neville, an English football pundit, BofAS+1 646 855 4096

successful businessman and former professional right-back. On market topics, investors anne.milne@bofa.com

discussed where very tight spread levels could go from here. There was a general bias GEMS Corporate Credit Rsch

towards High Yield (HY) and Latin America given higher overall returns. Widely discussed BofAS+1 646 855 4096

themes included the future path for interest rates, recent election outcomes & the See Team Page for List of Analysts

impact of higher oil prices on many issuers.

AI infrastructure moves from theme to credit driver.

Artificial Intelligence was another recurring theme, with discussions moving beyond

Exhibit 1: Gary Neville – Keynote speakertechnology disruption into the real-world infrastructure required to support it. Data Former professional footballer, entrepreneur,

centers are already consuming power and water at scale, while future AI demand is broadcaster and business leader

expected to accelerate investment needs across electricity generation, water systems,