Too Cheap to Ignore, Emerging Dollar Bonds to Take Off With Fed - BitcoinEthereumNews.com
เศรษฐกิจราคาถูกเกินไปที่จะเพิกเฉย พันธบัตรดอลลาร์ที่กำลังจะเกิดขึ้นกับ Fed03 / 13 / 2022ข่าว Bitcoin Ethereum (Bloomberg) — Emerging-market dollar bonds are starting to look like a bargain. อ่านมากที่สุดจาก Bloomberg The extra yield offered by developing-nation sovereign debt over U.S. Treasuries has risen above 500 basis points, crossing a threshold breached only two other times in more than a decade. Thats drawing money managers including FIM Partners and Vontobel Asset Management to bet spreads will quickly tumble, just like they did following the previous spikes. As the Federal Reserve prepares to raise interest rates this week, investors are searching for assets that can outperform amid tighter monetary conditions and a strong dollar. Emerging-market bonds denominated in the U.S. currency seem to fit the bill, and have a history of rallying during Fed hikes. While a worsening war in Ukraine — or fallout from a Russian debt default thats possible as soon as Wednesday — could still derail this trade, a fear of missing out on a market bottom is pushing investors to selectively load up on the securities. “Emerging-market spreads have never finished a calendar year with a negative return when starting above 300 basis points,” said Francesc Balcells, the chief investment officer of emerging-market debt at FIM Partners. “There is a