新兴市场美元10s30s利差曲线报告

研报英文原文证据摘录

J P M O R G A N

Global Markets Strategy

18 August 2026

EM USD 10s30s Spread Curve

Report

This is the weekly analytics version of the EM USD 10s30s Spread Curve

Report. This will be updated on a weekly basis, posted on jpmorganmarkets,

and included in our EM Daily Analytics Package email. The monthly version

will continue to be produced and emailed out separately, including our

commentary.

The EM aggregate 10s30s data is also available on Bloomberg and will be

updated weekly. It can be accessed using the below tickers:

Aggregate

Bloomberg Tickers

EM Aggregate 10s30s

JPCUEMAG Index

EM IG 10s30s

EM HY 10s30s

EMBIG 10s30s

EMBIG IG 10s30s

EMBIG HY 10s30s

CEMBI 10s30s

CEMBI IG 10s30s

CEMBI HY 10s30s

JPCUEMAI Index

JPCUEMAH Index

JPCUEMBG Index

JPCUEMBI Index

JPCUEMBH Index

JPCUCEMB Index

JPCUCEMI Index

JPCUCEMH Index

Emerging Markets Strategy

Ankit Chawla AC

(91-22) 6157-3281

J.P. Morgan India Private Limited

Nishant M Poojary, CFA

(44 20) 3493-3859

J.P. Morgan Securities plc

Emerging Markets Corporate

Strategy

Yang-Myung Hong

(1-212) 834-4274

J.P. Morgan Securities LLC

Global Index Research

Pallav Poddar

(44 20) 3493-5201

J.P. Morgan Securities plc

See here for rules and methodology and here for an archive of previous reports.

Figure 1: EM USD Aggregate 10s30s

Figure 2: UST 10s30s yield curve slope

80

EM USD Aggregate 10s30s Spread Index

120

UST 10s30s

60

90

69

60

30

40

20

0

Aug-21

-20

-30

-60

-90

18

19

20

21

22

23

24

25

Aug-22

Aug-23

Aug-24

Aug-25

Aug-26

-40

132

118

108

100

91

41

38

35

15

Source: (all charts and data in this report) J.P. Morgan. Levels

as of 14th August 2026 EOD.