Secondary spreads compress as EM loans dry up
Market participants say that secondary spreads of emerging market loans are compressing as activity draws to a standstill, amid signs of slowing global growth and the threat of trade wars.
"There are far more bids than supply right now, and this is the only thing holding the market up in this summer period of low liquidity," said a secondary banker based in London.Year to date loan volumes across CEEMEA are down 43%, which some EM loan bankers have ...
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