(Bloomberg) -- Emerging-market bonds rose, led by
Brazil and Venezuela, after a U.S. government report showed the
inflation measure most watched by the Federal Reserve eased in
May.
Demand for riskier, higher-yielding securities picked up
after the Commerce Department reported the annual inflation rate,
as measured by the core price index for personal consumption
expenditures, fell to a three-year low of 1.9 percent. Slowing
inflation may prompt the Fed to cut borrowing costs, making it
less expensive for investors to finance purchases of emerging-
market assets.
Read more at Bloomberg Bonds News
Brazil and Venezuela, after a U.S. government report showed the
inflation measure most watched by the Federal Reserve eased in
May.
Demand for riskier, higher-yielding securities picked up
after the Commerce Department reported the annual inflation rate,
as measured by the core price index for personal consumption
expenditures, fell to a three-year low of 1.9 percent. Slowing
inflation may prompt the Fed to cut borrowing costs, making it
less expensive for investors to finance purchases of emerging-
market assets.
Read more at Bloomberg Bonds News
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