Emerging-Market Bonds Decline on Concerns About Growing Hedge Fund Losses

(Bloomberg) -- Emerging-market bonds fell amid
concern losses at hedge funds may prompt reduced demand for the
riskier securities developing nations sell.

The average spread, or extra yield, over U.S. Treasuries on
emerging-market bonds increased 6 basis points, or 0.06
percentage point, to 1.65 percentage points, according JPMorgan
Chase & Co.'s EMBI Plus index. Today's spread is the highest
since May 7.


Read more at Bloomberg Bonds News