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Bloomberg Línea · Interview ESOriginal title: Cómo el dólar paralelo se convirtió en un “termómetro de desconfianza” en Bolivia

Cómo el dólar paralelo se convirtió en un “termómetro de desconfianza” en Bolivia

Fortun connects Bolivia's parallel dollar rate with foreign-currency scarcity and declining confidence in macroeconomic policy.

Bloomberg Línea · Quoted expert ESOriginal title: Deuda más cara: América Latina puede pagar la factura por las dudas fiscales de EE.UU.

Deuda más cara: América Latina puede pagar la factura por las dudas fiscales de EE.UU.

Fortun assesses how sustained high Treasury yields could widen spreads and raise Latin America's external financing costs.

Asia Economic Views: Japan Recalibrated: What Rising Yields Really Mean

Jonathan Fortun / Institute of International Finance

Rising Japanese government bond yields in May 2025 reflect monetary normalization, inflation expectations and term premiums in this assessment. A stronger yen, contained credit risk measures and solid auctions support that reading. Private investors absorb supply as the central bank steps back, suggesting an adjustment in market pricing rather than a loss of fiscal confidence.

Bloomberg Línea · Quoted expert ESOriginal title: Así encarecería las remesas el plan de Trump: esto se pagaría por enviar US$1.000 con impuestos

Así encarecería las remesas el plan de Trump: esto se pagaría por enviar US$1.000 con impuestos

Fortun explains how a US remittance tax could reduce household income and consumption in recipient economies.

Bloomberg Línea · Quoted expert ESOriginal title: Dólar paralelo en Bolivia se dispara y amenaza con crear estragos en el comercio exterior

Dólar paralelo en Bolivia se dispara y amenaza con crear estragos en el comercio exterior

Fortun examines how depleted reserves undermine Bolivia's exchange-rate anchor and complicate trade financing.

Global Macro Views: FX: From Buffer to Amplifier

Marcello Estevão · Jonathan Fortun / Institute of International Finance

Exchange rates increasingly transmit economic and political shocks across borders. A softer dollar offers emerging markets some relief, yet credit spreads and term premiums can outweigh that benefit in financing conditions. Policy uncertainty and shifting investor positions amplify currency movements, while dollar liquidity remains central during stress despite gradual reserve diversification.

Bloomberg Línea · Quoted expert PTOriginal title: Dívida de países da América Latina se mantém pressionada apesar de recuo do dólar

Dívida de países da América Latina se mantém pressionada apesar de recuo do dólar

Fortun explains why a softer dollar has not automatically improved long-term borrowing costs or global liquidity.

IIF Capital Flows Tracker: May 2025

Jonathan Fortun / Institute of International Finance

April’s near balance in emerging market portfolio flows conceals a sharp divide between asset classes. The May tracker reports $0.2 billion in net outflows, as $9.7 billion entering debt nearly offset $9.9 billion leaving equities. China supplied all net debt inflows, while debt markets elsewhere in the emerging world recorded withdrawals.