The Invesco Emerging Markets Sovereign Debt ETF (NYSEARCA:PCY) has quietly become one of the better-performing fixed income vehicles of the past year, returning 16% over the trailing twelve months as the Federal Reserve cut its policy rate by 75 basis points and risk appetite returned. PCY now trades around $22 and is up 3% over ... The Fed Rate Path Will Make or Break PCY in 2026: Here’s What to Watch
