African bonds take beating as USTs punish high beta
The sharp selloff in emerging market bonds caused by the severe volatility in US Treasuries on Wednesday hit Africa bond markets the hardest. A perfect storm engulfed the continent’s bond trading — EM investors alarmed by the Treasuries move, falling oil prices and fears over Ebola smashed any remaining resolve among investors in African bonds.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: