Thursday, May 31, 2007

Emerging debt-Spreads narrow as investors seek higher returns

(Reuters) - Overall risk spreads between emerging markets bonds and
U.S. Treasury notes, a key gauge of risk aversion, narrowed 2
basis points to 153 bps according to JP Morgan's EMBI+ index
, only 4 points away from an all-time low reached on May
23.




The spread tightening was led by Ecuador ,
Argentina , Venezuela and Colombia ,
which also suffered large losses in recent days.


Read more at Reuters.com Bonds News

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