The amount outstanding soared to $246 billion, driven mostly by the growing pile of corporate debt with sub-zero rates, which almost tripled in seven days, according to data compiled by Bloomberg.
Corporate heavyweights such as China Everbright Bank Co. and Petroleo Brasileiro SA, and sovereigns including Poland and Hungary have seen their rates drop below zero after a dovish turn at Federal Reserve and the European Central Bank sparked a mad dash for yield. Emerging-market bonds handed investors 3.5% over the past two months, more than a percentage point above returns on U.S. Treasuries, according to Bloomberg Barclays indexes.
“This is a global phenomenon, not an EM phenomenon,” said Warren Hyland, who manages emerging-market debt at Muzinich & Co. in London. “Ultimately if less and less of bonds generate a positive yield, that means more and more people are looking for a positive-yielding bond and EM has more of that than elsewhere.”
Developing-nation debt attracted inflows for a fifth straight week through July 10, according to Bank of America Merrill Lynch, which cited EPFR Global data.
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Business Maverick: Monday, July 15: Five Things You Need to Know to Start Your DayChina growth data is coming up, markets are set for a cautious start to the week and U.S. earnings season kicks off. Here are some of the things people in markets are talking about today.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »
Business Maverick: Google Protest Leader Meredith Whittaker Is Leaving the CompanyMeredith Whittaker, who helped lead employee protests at Google over the search giant’s military work, artificial intelligence and policies, is leaving the company.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »
Business Maverick: China Economy Slips to Record Low Growth Amid Stabilizing SignsChina’s economy slowed to the weakest pace since quarterly data began in 1992 amid the ongoing trade standoff with the U.S. But monthly indicators provided signs that a stabilization is emerging.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »
BUSINESS MAVERICK: How to address Venezuela’s crushing debt burdenWhen he finally leaves the political stage in Venezuela, Nicolás Maduro will leave behind a grim legacy of oppression, suffering and economic devastation. He will also leave a mountain of foreign-currency-denominated claims against the Venezuelan public sector – almost all of which is now in default – totalling more than $150-billion.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »
BUSINESS MAVERICK: Another one bites the dust as André Pillay resigns as Eskom group treasurerWith the departure of both Phakamani Hadebe and André Pillay, Eskom has lost key talent — both are specialists in the fixed income debt category. Pillay says he has been offered a job elsewhere.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »