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@jsphctrl.ft.com

The Great Global Bond Sell-Off™ doesn't really include emerging markets so far, at least in their external debt. The yield premium of EM US dollar bonds over Treasury bonds keeps falling, and issuance has stayed pretty strong. www.ft.com/content/e3c7...

ft.comEmerging markets shrug off Iran war in record foreign borrowing spreeFallout from conflict, rising interest rates and a strong dollar have not dented investor appetite for EM bonds

Joseph Cotterill

@jsphctrl.ft.com

On the other hand, on the junkier/little to no bond market access side of EM dollar debt... Argentina, Ukraine, Ecuador, and Venezuela's bonds have sold off a fair bit this month.

24/9/26, 10:28 am2 reposts6 likes

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