EM on bullish foot but will technicals last?

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By Ross Lancaster
14 May 2020

Emerging market bond issuance has been strong this week, with investors throwing huge order books at deals. But with the Covid-19 crisis still hanging over the market, few believe that the purple patch will last.

For a market that was in complete disarray two months ago, EM bonds seem in rude health. Whether it was the $24.4bn order book that Mubadala won for its $4bn triple tranche trade or the $7.5bn order book and double digit price cuts that Equate Petrochemicals’ won on ...

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