Problems loom for Lat Am, Europe

The environment still looks favourable for emerging market bonds, with managers highlighting in particular the Latin American and emerging European markets. But there are problems looming, with Latin America threatened by a potential sell off of US treasuries, and emerging Europe by a failure to implement the new constitution. According to Zsolt Papp, senior economist at ABN Amro, it is a good environment for emerging market bonds in Brazil, Turkey and Russia. He feels these countries are stable in terms of economics and politics and their inflation policies are under control. Papp favo...