Copying and distributing are prohibited without permission of the publisher.

Watermark

US Treasury rally ‘from the gods’ encourages duration in EM bonds

Chile, Easter Island, LatAm, 575, gods, Pacific
By Mariam Meskin, Oliver West
22 Jul 2021

Long dated issuance returned to EM primary bond markets in force this week as DCM bankers said issuers were seeing the latest fall in US Treasury yields as a sign that they should accelerate funding plans. Although several investors remain cautious on the prospects for rates markets, the weight of cash to be put to work is set to keep funding conditions attractive for EM borrowers, writes Mariam Meskin and Oliver West.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
By Mariam Meskin, Oliver West
22 Jul 2021