Emerging issuers plough on through sharp sell-off

06 Oct 2005

The impressive resilience of emerging market bonds in the face of bad news finally gave way this week, with prices plunging across the board for the first time since May.

Having withstood months of political scandal in Brazil as well as GM and Ford's descent into junk earlier this year, the market this week suddenly fell foul of less concrete concerns about the US economy.

Fears of rising inflation, the likelihood of further interest rate ...

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