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LONDON (Reuters) - Emerging economies from Peru to Romania are in the firing line as looming U.S. tapering raises the risk of outflows from local currency bond markets, hitting a vital funding source for governments striving to recover from the coronarvirus crisis.
As the U.S. economy edges back to health, the Federal Reserve is wrestling with the question of when to begin unwinding its monthly $120 billion in asset purchases that has flooded markets in the aftermath of the pandemic.
Any tapering could be bad news for some emerging local bond markets, which make up more than 80% of developing nations’ fixed income universe and form the bedrock for government finances. Local emerging debt sucked in foreign flows of at least $149 billion over the last year, the bulk of to China.
Liam Cahill explains how Waterford reversed horrendous breaking ball stat in victory over Limerick
This NHL 1A game went to Waterford after a hard-fought 70 minutes, gaining some small measure of revenge for the All-Ireland defeat
Tempers flare between Limerick s Kyle Hayes and Conor Prunty of Waterford. Picture: INPHO/Laszlo Geczo
Sun, 23 May, 2021 - 20:34
Michael Moynihan, Walsh Park WATERFORD 1-22 LIMERICK 0-21
At or about the 38th minute at Walsh Park, Robbie Hanley met Jamie Barron head-on near the stand side of the field, a collision that was audible all around the stand. It sketched this Allianz Hurling League game in miniature: two teams keen to leave with the win, and neither in the mood to back down. Waterford ended with the points and a welcome boost ahead of the mid-league break; Limerick faced the road back with a couple of red cards and a second successive defeat to mull over.
Waterford approach against Limerick impresses Shefflin rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
Their confidence was back
Waterford s Stephen Bennett and Sean Finn of Limerick
Kilkenny great Henry Shefflin reckons Waterford got their confidence back in yesterday’s victory over All-Ireland champions Limerick.
Liam Cahill’s men scored a 1-22 to 0-21 win over the Shannonsiders, claiming their second league win and consigning the Division 1 title holders to a second defeat in the process.
Speaking on Allianz League Sunday, Shefflin said he was impressed by the Deise men’s display, particularly at the back. They re defence was a lot stronger, said the 10-time All-Ireland winner. I think Waterford s strength, they re adding to their panel. Patrick Curran came on around the 56th minute and got three points from play when he came on. Very impressive.
Waterford, Ireland / WLR
May 16, 2021 | 4:02 PM
16 May 2021; Brendan Doyle of Westmeath and Conor Sheehan of Waterford following the Allianz Hurling League Division 1 Group A Round 2 match between Waterford and Westmeath at Walsh Park in Waterford. Photo by Seb Daly/Sportsfile
First Half
There was good work from the Waterford forwards in working the ball up the park, but Mikey Kearney’s shot on goal was the only real threat on goal for the first half.
That net bulging shot provided the impetus that Waterford needed and gave them a foothold in the game that they had been missing early on.
Westmeath struggled with balls not going to hand and needing more than one attempt to get the ball off the ground, but with that taken into account, they did look dangerous at times and created problems for the Waterford defence.