Relief rally reaches EM as Macron and Le Pen go through
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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