Provided investors steer clear of Latin American credit, emerging market debt remains attractive, ac...
Provided investors steer clear of Latin American credit, emerging market debt remains attractive, according to Simon Lue-Fong, emerging markets debt manager at Invesco. Lue-Fong said: 'Latin America has dominated emerging bond markets for the past 18 months, first because of the Argentine default and then because of economic and political concerns in Brazil.' Bond spreads have widened, but nowhere more so than for Latin America. Brazilian and Venezuelan 10-year bonds, for example, recently traded at about 2,300 basis points and 1,100 basis points over US Treasuries respectively, he note...
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