Wednesday, 11 July 2007

Emerging debt-Spreads tighten as stocks support prices

(Reuters) - NEW YORK, July 11 - Investors' aversion to
emerging markets bonds decreased on Wednesday as concerns about
U.S. subprime mortgages abated slightly, allowing stocks and
other riskier assets to recover.




Yield spreads between emerging debt and U.S. Treasury
notes, an important measure of risk aversion, tightened 6 basis
points to 168 basis points on the benchmark JP Morgan's EMBI+
index .


Read more at Reuters.com Bonds News

No comments: