Wednesday, June 13, 2007

Emerging debt-Prices track U.S. Treasuries, stocks higher

(Reuters) - Brazil's global bond due 2040 , the most
liquid emerging market paper, rose 0.750 point in price to be
bid 130.563. Overall emerging markets returns, however, edged
only 0.05 percent higher on JP Morgan's EMBI+ index ,
still leaving gains for the year-to-date close to zero.




Venezuela's benchmark bond due 2027 jumped
2.750 points to be bid 109.375. Venezuelan bonds had posted
losses of about 9 percent so far in the year, the second worst
performance after Argentina among the 16 countries tracked by
the EMBI+.


Read more at Reuters.com Bonds News

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