Wednesday, May 23, 2007

Emerging-Market Bond Yield Premium Reaches a Record Low Before Increasing

(Bloomberg) -- Emerging-market bonds fell after a
decline in U.S. stocks cut into demand for riskier assets.

The yield to the 2015 call on Brazil's 11 percent bonds due
2040, the most widely traded emerging-market securities, rose 5
basis points, or 0.05 percentage point, to 5.68 percent at 4:57
p.m. in New York, according to JPMorgan Chase & Co. The bond's
price, which moves inversely to the yield, fell 0.40 cent to
134.55.


Read more at Bloomberg Bonds News

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