Tuesday, June 5, 2007

Emerging debt-Prices track Treasuries down, risk stable

(Reuters) - NEW YORK, June 5 - Emerging sovereign debt prices
plunged on Tuesday following a sell-off in the U.S. Treasury
market, but risk spreads between the two asset classes were
practically unchanged, signaling investor appetite for
high-yielding bonds remained steady.




Prices on Brazil's global bond due 2040 , the
most liquid emerging market paper, sank 0.750 points to
132.563, their lowest level since March 5, when high-yielding
markets were hit by a China-inspired sell-off.


Read more at Reuters.com Bonds News

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