Bogota-based EM reporter Nicolle Yapur joins Leda Alvim to examine why investors are turning away from Brazil and Mexico for inflation‑linked bonds in the emerging world. They break down the current market dynamics and the appeal of linkers in less crowded economies.

The discussion highlights how liquidity constraints and rising yields in Brazil and Mexico have prompted a search for better risk‑adjusted returns. Investors are now evaluating linkers in other EM regions such as India, South Africa, and Turkey, where regulatory environments and inflation expectations present new opportunities.

Both analysts note that while Brazil and Mexico offer familiarity, the growing competition makes diversification essential. Emerging markets with robust fiscal policies and predictable inflation frameworks are gaining traction as alternative sources of stable income.

The conversation underscores that, for investors, staying informed about shifting hedges negativity, yield curves, and geopolitical risks is crucial to capture value in the evolving landscape of inflation‑linked americanos.