UBS
Year Ahead 2026: Escape velocity?
LIVE12 November 2025USD bearish
EM Strategy
UBS emerging-market bond and FX model-portfolio allocations
| Country | Region | Bond View | FX View |
|---|---|---|---|
| No EM portfolio positions in the latest UBS note. | |||
8 more EM positions · bond + FX conviction marks
Per-country OW/MW/UW marks · bond duration · FX direction
0 EM positions · bond + FX views unlock with Retail.
FX BANK FORECAST · COVERAGE
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.