Asia macro · sovereign credit · frontier markets

Sharp reads on sovereign risk and where the market misprices it.

Breaking down difficult emerging market stories into what actually matters for investors, media, and policymakers — from Asia sovereign stress to African frontier workouts.

Milo Gunasinghe
10+ yrs EM fixed income
100+ Reports published
Quoted across global financial media
Bloomberg
Financial Times
Reuters
The Wall Street Journal
Institutional Investor
By the numbers
10+ Years in emerging market fixed income across US investment banks in London and Hong Kong
100+ Published reports over the last year across emerging markets, Asia macro, and sovereign credit
Asia + frontiers Asia-first coverage with sovereign special situation and distress expertise across Asian and African frontier markets
Consistent Track record of Asia trade ideas for benchmark and total return investors across EM fixed income
What I do

How I can help.

Investors

A cleaner read on sovereign risk, dislocations, and where the market may be mispricing them.

I turn messy macro, political, and restructuring stories into frameworks you can actually use — sovereign credit, distressed debt, frontier fixed income, or tactical relative value.

Media

Fast context on sovereign stress, turning points, and what is actually moving markets.

When markets move, I help explain what actually matters, where the sovereign or macro pressure points are, and why fixed income is reacting the way it is without losing the nuance.

Restructurings

Where debt mechanics and market pricing finally meet.

Asia sovereign stress, Sri Lanka restructuring, African special situations across Senegal, WAEMU spillovers, Ethiopia, Zambia, and state-contingent instrument design.

Selected proof

Where the edge shows up.

Signature call

Sri Lanka before the consensus really got there.

Known for getting to Sri Lanka restructuring risk early, and for staying close to the story through the default and post-restructuring phases.

Africa depth

Special situations where recovery mechanics matter.

Senegal and the wider WAEMU read-through, Ethiopia and Zambia, and the design of state-contingent or value-recovery instruments when the debate shifts from headline stress to actual recovery value.

Range

Not just one-region stories.

The work stretches across Asia sovereign and quasi-sovereign trades, China stimulus, tariff pressure, capital flows, distressed fixed income, the Iran conflict impact on Asia, and selected Africa sovereign workouts.

Market trust

Built the old-fashioned way.

Built through roadshows, policymaker access, IMF engagement, and long-standing relationships across global EM investors.

Coverage & philosophy

Focus areas

  • Asia macro, sovereign credit, and frontier fixed income
  • Debt restructurings, distressed situations, and relative value
  • Country deep-dives across Sri Lanka, Mongolia, Maldives, Pakistan
  • Macro, political, and policy shifts that move credit markets
  • Relative value opportunities across sovereign and quasi-sovereign curves
Usually where the alpha awaits.

Bottom-up deep research, plus a real feel for macro, technicals, and valuations, is usually where a good macro strategist stands out. The edge is rarely in the obvious story — more often in spotting what the market is misreading.

Recognition
Recognized

Institutional Investor sovereign debt strategy polls — ranked among top strategists in Asia EM fixed income.

Regulated

Registered with the Hong Kong SFC for Type 4 (Advising on Securities) activities.