Tough year ahead for bonds as outflows continue
Investors took $3.4bn out of EM bond funds in the two weeks to December 25, bringing year-to-date outflows to $14.04bn, according to Barclays. That came as issuers and bankers braced for a tough 2014 after a string of record years for debt sales. Borrowing costs started to rise in the second half of last year, and the US Federal Reserve started tapering...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.