African bonds take beating as USTs punish high beta
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Emerging MarketsAfrica

African bonds take beating as USTs punish high beta

The sharp selloff in emerging market bonds caused by the severe volatility in US Treasuries on Wednesday hit Africa bond markets the hardest. A perfect storm engulfed the continent’s bond trading — EM investors alarmed by the Treasuries move, falling oil prices and fears over Ebola smashed any remaining resolve among investors in African bonds.

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