Tuesday, June 26, 2007

Emerging-Market Bonds Little Changed, at Seven-Week High For Risk Premium

(Bloomberg) -- Emerging-market bonds were little
changed, with yields over U.S. Treasuries holding at a seven-
week high, as concerns about losses linked to subprime mortgages
limit demand for riskier assets.

The average spread, or extra yield, over U.S. Treasuries on
emerging-market bonds was 1.66 percentage points, the highest
since May 7, according JPMorgan Chase & Co.'s EMBI Plus index.
The spread increased 7 basis points, or 0.07 percentage point,
yesterday, the most since April 30.


Read more at Bloomberg Emerging Markets News

No comments: