EM on bullish foot but will technicals last?

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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