EM's on a rocky road - BBH

Analysts at Brown Brothers Harriman explained that EM's had another rocky week, but managed to end on a slightly firmer note Friday.

Key Quotes:

"Market repricing of Fed tightening risk was the big driver last week, and that could carry over into this week.

There are several Fed speakers in the days ahead, capped off with Fed chief Yellen on Friday.

Several EM central banks meet this week, including Israel, Turkey, Hungary, and Colombia.

There is some risk of a dovish surprise from Turkey, while Hungary is expected to continue easing.

Colombia is an outlier, with high inflation seen leading to another 25 bp hike."