Middle East bond investors weigh up war risks ifre.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifre.com Daily Mail and Mail on Sunday newspapers.
The sale of dollar bonds from developing countries sunk to the lowest since 2021 in August as global yields spiked to multi-year highs and 15 emerging nations traded at distressed levels. Only $1.4 billion has been raised in emerging debt this month, compared with $4.5 billion in August 2022 and average monthly sales of $15.4 billion this year.
The sale of dollar bonds from developing countries sunk to the lowest since 2021 in August as global yields spiked to multi-year highs and 15 emerging nations traded at distressed levels.
(Bloomberg) At the BRICS summit in Johannesburg this week, a key item on the agenda was reducing dollar dependence across emerging markets. In bond sales, it’s already happening.Most Read from BloombergChina’s Worsening Economic Slowdown Is Rippling Across the GlobeMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate Polls3M Agrees to Pay More Than $5.5 Billion Over Combat EarplugsSaudi Arabia’s Interested in Champions League Football
(Bloomberg) Bonds of developing nations in debt distress gained on Friday in a broad relief rally sparked by Zambia’s precedent-setting deal with bilateral creditors.Most Read from BloombergTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionUS Navy Detected Titanic Submersible’s Implosion Days AgoThese Are the World’s Most (and Least) Liveable Cities in 2023Five-Star Hotel Guest Leaves Without Paying After 603-Night StayThe Big Names That Got Backstop for Billions in Uninsured SVB Dep