Monday, July 30, 2007

Emerging-Market Bonds Rebound, Following Equities as Risk Aversion Recedes

(Bloomberg) -- Emerging-market bonds rose, erasing
earlier losses, as gains in global stock markets prompted
investors to buy riskier, higher-yielding securities.

Developing nation debt is rebounding from declines spurred
by concern losses from subprime mortgages may spread to other
markets. The extra yield investors demand to hold emerging-
market bonds today fell to its lowest since July 25. The Dow
Jones Industrial Average advanced almost 1 percent.


Read more at Bloomberg Emerging Markets News

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