Forex News: Emerging market debt spreads are tighter but prices remain lower as Asian and European markets are in the red and US markets edge lower ahead of a waive of economic data and persistent concerns over the health of the global financial system. Spread on JPMorgan's EMBIGD 8 bps tighter at 329 bps over Treasurys. Returns a negative 0.05%. Ecuador continue to be the worst performer amid rumors that the Andean nation is undergoing a new financial crisis. The spread is 25 basis points tighter for negative 1.35%. Mexico and El Salvador outperform.
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