ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Monday, February 12, 2007

 

emerging market spreads


a good data source here for spreads of emerging market debt over treasuries, utilizing the jpmorgan embi+ as a proxy for emerging market debt. these spreads have been driven by carry traders working in a high-liquidity, low-volatility environment to all-time lows.

February 6 - Financial Times (Richard McGregor): "Risk premiums on emerging market bonds yesterday were close to record lows as hopes of a credit rating upgrade for Brazil spurred another round of buying. As bond prices rose, the risk premium on emerging market bonds, as measured by JPMorgan's EMBI+ index, a market barometer, touched an intraday low of just 164 basis points over US Treasuries during trading. The lowest close for the index - 165bp over US Treasuries - was reached on Friday."

Labels:



This page is powered by Blogger. Isn't yours?