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Emerging debt remains remains frothy despite growing economic headwinds, writes Mike Riddell,...

Emerging debt remains remains frothy despite growing economic headwinds, writes Mike Riddell, noting an issue of long-term Peruvian debt last week hit a yield spread to Treasurys of just 109 bps. Given the bid-ask on this illiquid paper is 100 bps, it is pricing in almost no credit risk. It's pre-2008 territory. "Bubbletastic."
Comments (1)
  • Thanks for that website link to "bondvigilantes.com"..... not sure I buy the EMD bubble story just yet. But it is prudent to be "vigilant."
    13 Aug 2012, 12:36 PM Reply Like
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