Thursday, June 14, 2007

Emerging debt-Prices rise, spreads tighten in volatile market

(Reuters) - Brazil's global bond due 2040 , the most
liquid emerging market paper, rose a quarter point to be bid
130.813, after pulling back from an earlier half-point gain.




Overall emerging markets returns climbed 0.35 percent on JP
Morgan's EMBI+ index , while yield spreads over U.S.
Treasuries, an important measure of risk aversion, tightened 7
basis points to 155 basis points.


Read more at Reuters.com Bonds News

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