Thursday, July 26, 2007

Emerging-Market Bonds Fall as Argentina and Venezuela Post Biggest Losses

(Bloomberg) -- Emerging-market bonds declined,
pushing yields over U.S. Treasuries to the widest in more than a
year, as investors reduced holdings of riskier securities.

Developing nation debt has declined for five days as growing
losses in so-called collateralized debt obligations backed by
subprime mortgages trigger risk aversion. Argentine and
Venezuelan bonds, among the riskiest in emerging markets, led
losses.


Read more at Bloomberg Emerging Markets News

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