(Bloomberg) Emerging-market dollar bonds are starting to look like a bargain.
The extra yield offered by developing-nation sovereign debt over U.S. Treasuries has risen above 500 basis points, crossing a threshold breached only two other times in more than a decade.
(Bloomberg) Emerging-market dollar bonds are starting to look like a bargain.
The extra yield offered by developing-nation sovereign debt over U.S. Treasuries has risen above 500 basis points, crossing a threshold breached only two other times in more than a decade.
MOSCOW: Russia was downgraded to the second lowest level by Fitch Ratings, which said a bond default is “imminent” as a result of measures ushered in since the war in Ukraine.
Oil and gas-exporting nations are gaining amid the turbulence, with Abu Dhabi, Nigeria and Qatar benchmarks jumping more than 5% since Russia invaded Ukraine a week ago.
Turkey’s President Recep Tayyip Erdogan announced an emergency plan to curb the lira’s unprecedented depreciation and protect investors against wild swings.