DCM Preps Supply Following Fed Message

Sep 19, 2013

The US Federal Reserve surprised the markets Wednesday with an unexpected announcement that it would not change its $80bn-plus in monthly asset purchases, setting up a more peaceful backdrop for LatAm bond issuers. "Off the charts surprising," says a LatAm trader noting a huge market rally. The market had estimated a tapering range of $5bn-$20bn in fed UST purchase cuts over the next weeks,...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management