Tuesday, May 22, 2007

Emerging-Market Bonds Rally as Demand for High-Risk Debt Assets Increase

(Bloomberg) -- Emerging-market bonds rose as demand
for riskier, higher-yielding assets rises while dollar debt
sales from countries such as Brazil and Mexico declines.

The average spread, or extra yield, for developing
countries' bonds over U.S. Treasuries fell 1 basis point, or
0.01 percentage point, to 1.50 percentage points, according to
JPMorgan Chase & Co.'s EMBI Plus index. The yield spread touched
1.49 percentage points today, the lowest since JPMorgan
introduced the index in 1997.


Read more at Bloomberg Bonds News

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