Monday, June 18, 2007

Emerging debt-Prices rise on firmer Treasuries

(Reuters) - Overall emerging markets returns climbed 0.32 percent on JP
Morgan's EMBI+ index , while yield spreads over U.S.
Treasuries, an important measure of risk aversion, tightened 2
basis points to 151 basis points, close to an all-time low of
149 basis points.




Brazil's portion of the index tightened 4 basis points, to a
new record low of just 137 basis points, while the country's
global bond due 2040 , the most liquid emerging
market paper, rallied 0.438 point to be bid 131.938.


Read more at Reuters.com Bonds News

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