(Bloomberg) -- Emerging market bonds and currencies
slumped as investors turned more risk averse on concern that
central banks will raise interest rates to tame inflation.
Expectations of rising global borrowing costs pushed up
yields on safer assets such as U.S. Treasuries, making emerging-
market bonds less attractive. An emerging market debt index
compiled by JPMorgan Chase & Co. fell to a four-month low June 7.
Read more at Bloomberg Emerging Markets News
slumped as investors turned more risk averse on concern that
central banks will raise interest rates to tame inflation.
Expectations of rising global borrowing costs pushed up
yields on safer assets such as U.S. Treasuries, making emerging-
market bonds less attractive. An emerging market debt index
compiled by JPMorgan Chase & Co. fell to a four-month low June 7.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment