CentAm/Caribbean Buffeted by EM Storm

CentAm/Caribbean Buffeted by EM Storm

Caribbean

Central American and Caribbean sovereign debt lost 1.15% in July, taking them to a year-to-date return of 1.56%, according to Bear Stearns. This was less the 2.83% July loss in the LatAm component of the EMBI+, which tracks the bigger sovereigns, and proves that this region is still a relatively safe haven. However, the problem for investors trying to get out during the global storm is a lack of flow. "Liquidity in this sector has declined to very low levels, according to our trading desk," says

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