Seeking Alpha

Was it only April when investors stampeded to get a piece of Rwanda's $400M 10-year note sale,...

Was it only April when investors stampeded to get a piece of Rwanda's $400M 10-year note sale, priced to yield just 6.87%? Two months later it's a different story. Romania yesterday rejected all bids at a 7-year sale, joining failed auctions from South Korea, Russia, Colombia, and even China in the last 2 weeks. EMB is off nearly 12% since the Rwanda bell-ringer.
Comments (3)
  • bbro
    , contributor
    Comments (9323) | Send Message
     
    The EMB to HYG cross has been deadly...RSI now 18
    21 Jun 2013, 11:06 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Rates need to move up with risk...this is an oppty, if those countries reissue at higher rates and can afford the interest payments. Analysis on that on a country-by-country basis ongoing.
    21 Jun 2013, 11:23 AM Reply Like
  • grassyknollguy
    , contributor
    Comments (14) | Send Message
     
    Scales coming off the eyes. Where do interest rates for 3rd worldly issues go. Up. What does that mean for EU bonds, US etc? How much discount for security?? of 1st world bonds. What goes around comes around. Then higher rates all around. What does that mean for US economy?
    21 Jun 2013, 03:07 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|