Friday, June 22, 2007

Emerging debt-Risk spreads widen on flight to quality

(Reuters) - Emerging markets stocks and currencies were harder hit,
while bond returns slid a more modest 0.15 percent on the
benchmark JP Morgan's EMBI+ , their third consecutive
session of losses.




Yield spreads between emerging markets debt and U.S.
Treasury notes widened 5 basis points to 160 basis points,
according to the EMBI+, in a sign that investors became a
little more cautious toward the asset class.


Read more at Reuters.com Bonds News

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