Thursday, July 5, 2007

Emerging debt-Spreads tighten over 10 bps in empty market

(Reuters) - Emerging debt bond returns fell 0.26 percent on JP Morgan's
EMBI+ index , while the Brazilian global bond due 2040
, the most liquid of its asset class, slipped
0.375 points to be bid 131.188.




But that was not enough to catch up with a sharp fall in
U.S. Treasuries prices, which sent yields on the benchmark
10-year Treasury notes jumping to more than 5.15
percent from 5.04 percent at the July 3 close.


Read more at Reuters.com Bonds News

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