Front Notes: In the balance

Jan 1, 2014

Anticipation is a funny thing. Investors’ fears of a turn in US monetary policy played havoc with bond markets last year — so much so, that by the time the Federal Reserve actually began winding down its quantitative easing program, the response was muted.

With so many uncertainties ahead for Latin America this year, borrowers and investors can only hope that the markets will react in as measured a way to all of them.

China’s economy, for example, continues to come down from its highs but markets have so far retained their poise...

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