Monday, February 12, 2007
emerging market spreads
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."