Relief rally reaches EM as Macron and Le Pen go through

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By Virginia Furness
24 Apr 2017

Emerging market debt was tighter across the board on Monday morning, after a favourable outcome in the first round of the French presidential election spurred a rebound in core market asset prices.

EM bankers said risk appetite was back across their entire market, rather than a relief rally in any particular sector after far-right candidate Marine le Pen and centrist Emmanuel Macron went through to the second round run-off.

“Everyone was in wait and see mode before the election,” ...

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