What's New?

Sovereign Eurobond Default History: Complete restructuring data since 2008 now on Tellimer

We're excited to launch a comprehensive database tracking sovereign Eurobond defaults and restructurings since 2008. This new dataset provides granular detail on 29 sovereign default events across 18 countries, offering unprecedented insight into recovery outcomes, haircuts, and restructuring timelines.

✨ What's new

• Complete default history: Track every sovereign Eurobond default since 1980, with detailed information on default dates, resolution dates, and amounts involved.
• Recovery analytics: Access NPV losses, nominal haircuts, exit yields, and Tellimer's proprietary recovery value estimates for each restructuring.
• Restructuring insights: See the length of each default, restructuring mechanics, and whether innovative instruments like GDP warrants or macro-linked bonds were used.
• Ongoing defaults tracked: Monitor active default situations including Venezuela, Lebanon, Russia, Belarus, and Ethiopia with estimated recovery scenarios.
• Cross-country comparison: Compare default outcomes across regions and time periods to understand how restructuring terms have evolved.

💡 Why it matters

• Informed recovery estimates: Build better recovery assumptions using actual historical outcomes across 29 restructuring events.
• Pattern recognition: Identify how default length, economic conditions, and creditor composition influence final haircuts.
• Relative value insights: Compare current distressed bond prices to historical recovery values across similar default scenarios.
• Risk framework: Understand the full distribution of restructuring outcomes when assessing tail risk in frontier and emerging market portfolios.

Bond prospectuses in Idris AI: Covenant‑aware answers for sovereign & corporate EM bonds

Idris AI now has direct access to the large library of emerging market bond prospectuses hosted on the Tellimer platform, so you can ask detailed questions about individual instruments and get answers grounded in the legal documentation.

✨ What's new

• Prospectuses in Idris' context: All EM sovereign and corporate bond prospectuses found on the platform are now part of Idris' knowledge base.
• Bond‑specific Q&A: Ask Idris about the terms of a specific bond—its covenants, call structure, ranking, use of proceeds, or other key clauses—and get precise, citation‑backed answers.
• Linked from identifiers: Idris understands ISINs, tickers, and issuer names, making it easy to reference the exact bond you care about in natural language.

💡 Why it matters

• Faster document work: Skip manual PDF searches and surface the key terms you need in seconds.
• Better risk analysis: Quickly compare covenant strength, events of default, and other protections across issuers and deals.
• Research in one place: Combine Idris' understanding of research, data, and legal terms in a single workflow when evaluating EM bonds.

Tellimer Sovereign Probability of Default: Full history, drivers vs. composite ratings in one view

We've brought the Tellimer's Sovereign Probability of Default model directly into the country page of the app, so you can analyse default risk alongside macro, debt, and market data in a single view.

✨ What's new

• Tellimer PD scores on the country page: The same current PD metrics you see on the dedicated Sovereign PD page now appear on each country page, including headline probability of default, rank, and recent changes.
• Full history back to 2006: Explore the entire monthly history of sovereign PD for each country, with an interactive chart going back to 2006.
• Factor-level breakdowns: Drill into a month‑by‑month breakdown of the key drivers behind each PD value, so you can see which factors are pushing risk higher or lower over time.
• PD vs composite credit rating: View a combined chart of sovereign PD and the country's composite credit rating through time to understand how fundamental risk evolves relative to agency and internal ratings.

💡 Why it matters

• Richer sovereign risk diagnostics: Move beyond a single point estimate to understand the full trajectory and drivers of default risk.
• Earlier warning signals: See when PD starts to move before ratings change, helping you spot deteriorating credit stories sooner.
• Integrated workflow: Analyse PD in the same place you review macro, debt composition, and market indicators, reducing friction in day‑to‑day country monitoring.

Sovereign Comp Tables: 120+ additional macro & business indicators now available

We're rolling out a major upgrade to our Sovereign Comp Tables, giving you much more flexibility to benchmark countries across fiscal, macro, and structural dimensions in a single view.

✨ What's new

• Expanded indicators: Go beyond the existing core metrics with 120+ additional macro and business indicators.
• Trusted sources: Draws on IMF WEO, national sources, and other international data providers.
• Standardised for comparison: Local data is normalised so cross‑country comparisons are consistent and reliable.
• Customisable tables: Add or remove indicators to focus on the metrics that matter most to your strategy.
• Built to scale: Architecture supports a growing universe of indicators without sacrificing performance.

💡 Why it matters

• Holistic sovereign view: Benchmark sovereigns on fiscal, external, growth, and structural fundamentals—not just headline debt and reserves.
• Flexible workflows: Tailor comp tables to different investment and risk frameworks (e.g. fiscal, external balance, or growth focus).
• Excel-ready: Download the full database into Excel for deeper analysis and stress testing.

Tellimer's Sovereign Probability of Default model

We’re exited to introduce Tellimer’s proprietary Sovereign Probability of Default (SPD) model. Deployed throughout the Tellimer app, the model delivers state‑of‑the‑art performance against benchmark approaches. Read more about our methodology, validation framework, robustness checks, and more on our dedicated product page.

✨ Key results

• 92.9% crisis prediction rate: Correctly predicted 26 of the last 28 sovereign Eurobond defaults
• Early and consistent signals: Average of 8.1 months’ lead time before default
• Low false alarms: 1.8% false‑alarm rate (noise‑to‑signal ratio: 0.03)

Tellimer Python SDK — now in Beta

Tellimer’s macro and parallel FX data is now one import away. Run analysis and build dashboards in Python with clean, pandas‑ready time series.

✨ Key features

• Quick start: pip install tellimer → import tellimer → Client(api_key)
• Find and fetch fast: Search indicators by plain text and pull country time series
• Pandas‑first: Tidy DataFrames for charts, models, and notebooks
• Parallel FX: Enrich macro views with market‑relevant FX series

AI‑filtered English & translated local news now on the watchlist

We've added news to your watchlist so you can see relevant sovereign, macro, and geopolitical coverage—filtered by the topics you follow—all in one place. It includes English and local‑language translations, AI‑filtered for relevance to sovereign investors and traders.

✨ Key features

• Topic-grouped feed: News is organized under each topic you follow on Watchlist
• Relevance by default: Only articles that match your followed topics
• AI trending clusters: Related articles are grouped automatically when coverage spikes
• Faster catch-up: Scan all your tracked topics from a single view

New homepage: Explore features & solutions by user type

We've launched a new homepage on www.tellimer.com designed to help different user types quickly discover the most relevant capabilities across the platform.

✨ Highlights

• Persona-led navigation: Dedicated paths for investors, credit analysts, strategists, and data teams
• Solutions by need: Clear mapping from problems to product workflows (Sovereign, Corporate, Macro, Idris AI, Excel Add-in)
• Feature spotlights: Quick overviews of key capabilities with links into the app
• Customer proof: Use cases and outcomes to show how Tellimer is used in practice
• Clear CTAs: Streamlined routes to start a trial, book a demo, or contact sales

Comp tables: Global issuer comparison with filtering and search

We've now launched comp tables--a global comparison experience that brings the power of our sovereign key metrics to the entire coverage universe. Compare across regions and asset classes with full filtering and search, and analyse issuers from sovereigns to corporates in one place.

✨ Key features

• Global Scope: Compare countries and issuers across all regions in a single view
• Powerful Filtering & Search: Narrow by region, asset class, rating, metrics, and more—or search directly
• Comprehensive Metrics: View key fiscal, external, and market metrics alongside composite credit views
• Color-Coded Insights: Heat-mapped metrics to spot outliers and risks instantly
• Cross-Issuer Analysis: Evaluate sovereigns and corporates side-by-side
• Sortable Tables: Sort by any metric to surface opportunities and risks fast

This is the new home for global comparisons across Tellimer—built to scale as we add more metrics, entities, and workflows.

Sovereign key metrics: Compare countries at a glance

We're excited to introduce a comprehensive sovereign key metrics overview that provides instant comparative analysis within regions! 🌟

This powerful new dashboard consolidates the most critical sovereign indicators into a single, intuitive view, enabling you to quickly assess and compare sovereign risk profiles within each region. Available now on all region pages, this feature allows you to dive deep into regional sovereign dynamics.

✨ Key features

• Comprehensive Credit View: See composite credit ratings alongside key fiscal and external metrics
• Color-Coded Insights: Intuitive heat mapping helps you instantly identify risk levels and outliers
• Multi-Dimensional Analysis: Compare public debt ratios, fiscal balances, reserves coverage, and sovereign yields simultaneously
• Regional Benchmarking: Easily spot relative performance across countries within each region
• Quick Risk Assessment: Get immediate insights into sovereign creditworthiness and fiscal sustainability
• Sortable Metrics: Organize data by any metric to identify opportunities and risks

Perfect for regional portfolio construction, country allocation decisions within regions, and rapid sovereign risk screening. Stay tuned for our upcoming Comp Tables feature, which will extend this powerful analysis to global comparisons with advanced filtering capabilities!

Corporate credit models now available to download

We're excited to announce that permissioned users can now download the analytical models our expert analysts maintain for individual high-yield emerging market corporates! 📊

This feature gives you direct access to the sophisticated financial models used by our research team, providing unprecedented insight into our analytical framework and corporate credit assessment methodology.

✨ Key benefits

• Analyst-Grade Models: Access the same models our analysts use for in-depth corporate credit analysis
• High-Yield Focus: Specialized models designed for emerging market high-yield corporate issuers
• Investable Universe: Coverage focused on companies with actively traded corporate debt
• Proprietary Methodology: Understand Tellimer's analytical approach and key assumptions
• Enhanced Due Diligence: Support your investment decisions with comprehensive analytical tools

Available now for permissioned users - contact your account manager to learn more about accessing these comprehensive analytical tools.

Idris now has access to Tellimer's history of IMF Arrangements database

We're excited to announce that Idris, our AI assistant, now has access to Tellimer's comprehensive history of IMF Arrangements database! 🚀 This enhancement allows Idris to leverage detailed historical data on IMF programs across our coverage universe, providing you with deeper insights into sovereign fiscal and monetary policy frameworks.

✨ Key benefits

• Historical Context: Get insights on past IMF arrangements when analyzing sovereign risk
• Program Details: Access information on program types, sizes, and conditions
• Implementation Track Records: Understand how countries have performed under previous IMF programs
• Comparative Analysis: Compare current programs with historical arrangements across countries

Simply ask Idris questions about a country's IMF history to experience this powerful new capability.

Asset class filters & key credit metrics screeners

A long-awaited upgrade is finally here—users now have powerful new ways to filter, compare, and explore research and credit data across the Tellimer platform.

🔑 Key features

• New Sectors Pages: Explore research and data organized by sector across the platform
• Asset Class Segmentation: Research content is now filtered by asset class across country, region, and sector views—with full support for advanced filtering
• Key Credit Metrics in Context: On the Corporate Credit tab (available on country, region, and sector pages), users can now view issuer-level key credit metrics alongside sector and regional averages—giving a much clearer sense of where an issuer stands

These enhancements significantly improve how you can discover and analyze both research content and credit data on Tellimer.

Tellimer EM Corporate Aggregate

We've launched a new EM Corporate Aggregate—a powerful market-wide lens to compare individual issuers under coverage against the broader emerging markets landscape. This aggregate provides essential context for performance evaluation and benchmarking across our corporate coverage universe. While this aggregate isn't downloadable by clients, it will be used throughout our publications to provide valuable comparative analysis.

Personalized content filters: Tailor your Tellimer experience

We're excited to introduce custom content filtering across the Tellimer platform! 🔍

This powerful new feature gives you precise control over what research and data you see, allowing you to focus exclusively on the information most relevant to your investment strategy and interests.

✨ Key features

• Provider filters: Choose to view content from specific research providers in our network
• Content type selection: Filter by research notes, recommendations, webinars, and more
• Sector focus: Narrow your view to specific sectors like financials, energy, or consumer
• Geographic precision: Filter by individual countries or entire regions
• Persistent preferences: Your filter settings are saved for future sessions
• Email customization: Filter the types of email notifications you receive from Tellimer

Custom filtering works across research content, recommendations, event listings and more - giving you a tailored view of emerging markets intelligence. Your preferences not only control what you see on the platform but also determine which email alerts you receive, ensuring consistent, personalized delivery of content across all channels.

Idris AI now powered by comprehensive macro data

We're thrilled to announce that Idris, our cutting-edge AI assistant, now has full access to Tellimer's comprehensive macro datasets! 🚀

This significant enhancement means Idris can now leverage macroeconomic data from national sources, IMF, World Bank, and Tellimer's proprietary data to provide you with deeper, data-driven insights about emerging markets.

💡 What this means for you

• Data-Backed Responses: Get answers enriched with the latest macro indicators and historical trends
• Contextual Analysis: Idris now understands macro context when answering your questions about sovereign risk, fiscal outlook, and economic performance
• Quantitative Precision: Receive specific data points and figures to support qualitative analysis
• Emerging Markets Focus: Access specialized macro data across our entire coverage universe of frontier and emerging markets

Simply ask Idris questions about inflation trends, fiscal balances, external debt positions, or any macro-related query to experience the power of AI-enhanced macro analysis.

End of day bond prices with performance tracking

We're excited to introduce end of day bond prices across the Tellimer platform! 📊

This major enhancement delivers daily closing prices for sovereign and corporate Eurobonds, giving you the most up-to-date pricing data to inform your investment decisions. Each price display is enhanced with visual 12-month performance sparkcharts, allowing you to instantly see price trends at a glance.

✨ Key features

• Daily closing prices: Access end of day bond prices updated daily across our coverage universe
• Visual performance tracking: 12-month sparkcharts show historical price movement patterns
• Price change indicators: Green and red highlighting shows positive or negative performance
• Comprehensive coverage: Available for all sovereign and corporate bonds in our database
• Seamless integration: Find prices and charts in search results, country pages, and bond listings

Stay informed with the latest bond pricing data while quickly identifying performance trends - all without leaving the Tellimer platform.

Macro data now searchable on Tellimer

We're excited to announce that macro data is now searchable across the Tellimer platform! 🎯

This powerful new feature allows you to quickly find and access any macro data series across our coverage universe. Whether you're looking for GDP growth, inflation rates, or fiscal balances, finding the data you need is now faster and more intuitive than ever.

🔑 Key Features

• Universal Search: Find any macro data series across all covered countries
• Latest Data Points: See the most recent values directly in search results
• Quick Navigation: One-click access to full historical data series on country pages
• Comprehensive Coverage: Search across hundreds of macro indicators for emerging markets

Start exploring our enhanced macro data search today to streamline your research workflow!

Official and parallel FX rates now available on Tellimer

We're excited to announce that official and parallel FX rates (where applicable) are now available directly on the Tellimer platform! 🌟

This new feature provides comprehensive coverage of both official exchange rates and, for select markets, parallel market rates - giving you deeper insights into currency dynamics across emerging markets.

🔑 Key Features

• Official FX Rates: Track official exchange rates from authoritative sources
• Parallel Market Rates: Access unofficial market rates for select countries where these markets are significant
• Historical Data: View historical trends and movements in both official and parallel rates
• Seamless Integration: Available directly on country pages and, for parallel rates, through our Excel add-in

Start exploring these new FX data features today to enhance your market analysis!

Reserves data now available on Tellimer 💰

We're excited to announce the launch of reserves data on the Tellimer platform. This new dataset provides insights into gross reserves and net foreign assets of sovereigns, offering a valuable perspective on financial resilience in emerging markets.

The data is available on country pages and can also be accessed through the Excel add-in, allowing for seamless integration into your analysis.

All our EM recommendations now viewable in one unified table

We're excited to announce that we've now introduced the most-requested feature to the Tellimer platform: a comprehensive recommendations table! 🎉

This powerful new feature provides a centralized view of all sovereign and corporate recommendations published by Tellimer analysts. And the best part? Soon, it will include recommendations from all network providers on the platform, making it your go-to resource for actionable insights across emerging markets.

🚀 Key Benefits

• Comprehensive Coverage: Access sovereign and corporate recommendations in one place, with links to the research articles associated with them.
• Streamlined Decision-Making: Compare recommendations side-by-side to inform your strategy.
• More Providers, More Power: Stay tuned for expanded coverage from our global network.

Start exploring the recommendations table today and stay ahead of the curve!

Parallel FX rates & external debt composition data now available in Excel

Our Tellimer Excel add-in just got even better! You can now access parallel FX rates and external debt composition data directly in Excel, giving you even greater analytical power without leaving your spreadsheet.

🔑 Why It Matters

• Parallel FX Rates: Track unofficial currency markets to understand local market dynamics.
• External Debt Composition: Gain insights into creditor breakdowns and debt sustainability metrics to improve your sovereign analysis.

Available now on the Tellimer Excel add-in, found in the Microsoft App Store! 🚀

Improvements to how we display country macro data

Big things are happening on Tellimer's country pages! We've made key improvements to how we categorize and display macroeconomic data from national sources and the IMF WEO.

🌟 What's New

• Enhanced Categorization: More intuitive data grouping, by frequency or category, for seamless analysis.
• Improved Accessibility: Quicker navigation to the data you need most.

Dive in and see how these updates can sharpen your EM macro views today.

Financial data on 26,000+ EM equity issuers now available on Tellimer

We're thrilled to announce the expansion of our EM equity offering. You can now access quarterly and annual financials for over 26,000 publicly traded emerging market companies on Tellimer.

📊 What's Included

• Comprehensive financial statements for EM equities.
• Powered by S&P's best-in-class corporate financial data

Introducing the Tellimer Excel add-in

The Tellimer Excel add-in is here! This major product release enables you to download sovereign and macroeconomic data directly from Tellimer into Excel, allowing you to power your models with Tellimer's data.

🔑 Key Features

• Pull data with ease from Tellimer's proprietary and 3rd-party macro and sovereign datasets.
• Seamlessly integrate with your existing Excel workflows.
• Available now on the Microsoft App Store.

Supercharge your analysis—download the Tellimer Excel Add-In today!

Introducing Idris AI: Accelerate your EM analysis with generative AI

We're excited to announce that today we launched (in beta) Idris, Tellimer's cutting-edge AI research assistant, designed to accelerate your EM analysis. Idris is a generative AI assistant with access to Tellimer's extensive database of EM research. It's built to deliver precise, high-quality answers to questions about emerging markets in seconds.

📚 Sources and citations

Idris only produces responses using information published on the Tellimer platform, ensuring reliability and accuracy with citations for every answer.

Coming soon

In the second half of 2024, Idris will gain access to:

• International & local translated news
• Regulatory filings
• Bond prospectuses
• Macroeconomic datasets from the IMF, World Bank and national sources
• Current and historic arrangements with the IMF
• Tellimer's proprietary sovereign debt composition data

Now you can analyse corporate credit on Tellimer!

We are thrilled to announce the launch of our new corporate credit product! This powerful tool allows you to analyze over 1400 issuers and ~5000 instruments through an intuitive interface. Seamlessly integrated with your existing macro and sovereign research, our platform provides swift access to essential resources, including:

Key new features

• Research
• Yield curves
• News
• Financials
• Capital structure data
• Regulatory filings (both local language and English)

AI-powered natural language search

Key new features

🚀 New at Tellimer! We're delighted to roll out a transformative search feature that harnesses the power of AI. Dive into our extensive database with just a few keystrokes or ask a question in your own words. Quick and intuitive, this update puts our all of our emerging markets research at your fingertips. Start exploring today!

Sovereign external debt maturity profiles

You can now find sovereign external debt maturity profiles on Tellimer! This feature combines market data with the World Bank's IDS database to show the sovereign's overall external debt profile, alongside a more detailed and timely picture of Eurobond coupon and principal repayment schedules.

Key new features

• Overall external debt profile driven by World Bank IDS data
• Detailed analysis of Eurobond maturity profile, broken down by principal and interest
• Data is updated daily to account for re-taps, redemptions, and FX rate fluctuations on non-USD bonds

Searchable event transcripts

Building on last week's update, we're excited to announce the addition of searchable event transcripts alongside our event videos. This feature allows users to swiftly locate discussions on specific topics within the webinar. By selecting the relevant part of the transcript, the video will automatically navigate to the corresponding timestamp and begin playback.

Key new features

• Transcripts are now fully searchable
• Transcripts will auto-scroll in sync with the video
• Selecting a section of the transcript automatically directs the user to that particular segment of the video

Introducing in-app event registration and video playback

Another week, another release from the Tellimer team! This week we're introducing event registration and video playback into the app. Now Tellimer Pro subscribers can register for upcoming webinars and in-person events with a click of a button, and can watch past events all within the Tellimer app.

Key new features

We've also added all of the Tellimer happenings on our homepage, including our much-loved podcast, the aptly named "The Emerging Markets Podcast", hosted by our very own Rizwan Mahmood.

AI translated local news

We're excited to announce an enhancement to our recently launched news feature: AI-powered translations of local language news!

Building on our English language offering, we've expanded our scope to include hundreds of reputable local language news sources from across the globe. This means you can now access a wider range of market-relevant news, filtered and translated for your convenience.

Our novel two-stage translation pipeline produces much better translations than Google Translate and we are so happy to share this much-requested feature with our clients.

A new landing page for Tellimer

Out with the old and in with the new! We are now live with a landing page that is worthy of the product we have built over the past year since releasing our previous landing page update.

Key new features

• Interactive coverage map to showcase the breadth and depth of content on Tellimer
• Client logos & testimonials
• Some nifty animation to emphasise the point that Tellimer is your single point of entry to emerging markets

AI-powered sovereign news

We're diving into 2024 with a bang, bursting with excitement over our new releases lined up for the year! And what better way to start than by supercharging our platform with the integration of market-relevant news? Imagine having a smart AI assistant that scours through thousands of news sources, both local and global, sniffing out the most relevant market news just for you. From the latest economic data, political shake-ups to central bank announcements, it's all there on Tellimer.

Miss a news source you trust? Hit the suggest button, and we'll pull it into our pipeline. Stumble upon a headline that hits the mark or one that doesn't quite cut it? Give it a thumbs up or down. Your feedback trains our AI to tailor the news feed to suit your needs even better. Let's make 2024 the year where you stay ahead of the market curve, effortlessly!

Bookmark articles to read later + view readership history

One of our most-requested features is now live on the platform: the ability to save articles to read later. We have also introduced a readership history page, to help you find articles that you've read in the past.

To access either of these pages, simply open the account menu by clicking your name in the lower left-hand corner of the application.

Macro data from official sources + calendar of events

We've been hard at work behind the scenes bringing higher-frequency macroeconomic data from official national sources into the application.

With today's release we introduce not only the history of this data on a country-by-country basis, but also the economic calendar related to the release of this data going forward.

Key new features

• Monthly, quarterly & annual macroeconomic data from official sources, updated daily
• Economic release calendar with previous and forecast values, where available
• Spark and hover charts for each data series for trend analysis
• Hide data series that aren't relevant to you and the application will remember your preferences
• Credit ratings from all the major agencies are now shown on the country page

External debt composition: Tellimer data

Tellimer's debt composition data provides a more recent and deeper analysis than the World Bank's IDS of the composition of a country's external debt, looking at the amount owed to each type of creditor (expressed both as a stock as well as a percentage of GDP), along with interest arrears information for countries in default, where such data exists.

Countries covered

We currently support and will be providing regular updates to 14 countries:

• Argentina
• Bahamas
• Ecuador
• Egypt
• El Salvador
• Ethiopia
• Ghana
• Lebanon
• Maldives
• Pakistan
• Sri Lanka
• Ukraine
• Venezuela
• Zambia

We will be adding more countries to this list based on customer demand, however, so do get in touch with sales@tellimer.com to let your account manager know which country you'd like to see covered next.

External debt composition: World Bank IDS data

We've added a Debt composition tab to the country page for the 121 countries that the World Bank covers as part of its International Debt Statistics database. Our analysts have curated the list of indicators that we present to you on this tab, so you will only see the most important external debt metrics here.

Introducing focus mode

Morning notes and regional articles are great, but they may only mention in passing the country you're interested in reading about. If only there were a way to filter out articles that merely mention a country or topic from the articles that are about that country or topic...

Introducing: focus mode! Now you can filter for focused articles on country pages and certain topics on the Your Inbox page, to remove articles that only mention that country or topic.

Tellimer now has a new platform!

We've completely rewritten our application from the ground up to improve how you can discover our research and data. From the new "Your Inbox" view, which shows you just the content you're interested, to the new datasets presented on each of our country pages, we think you'll like what you see. Every action on the application should be blazingly fast (<400ms), allowing you to get the actionable insights you need as fast as possible.

Key new features

• Complete modern history of arrangements with the IMF for 50 markets

• Database of sovereign eurobonds outstanding, with links to prospectuses

• Key macro indicators for every emerging and frontier economy

• Tellimer's sovereign debt recommendations presented on country pages