Tough future for Jamaica amid rising rates

Tough future for Jamaica amid rising rates

As US Treasury rates rise, Jamaica is particularly exposed to the higher borrowing costs, because of financing needs in 2014 and 2015 following this year’s $932m-equivalent International Monetary Fund (IMF) agreement, investors say. Yields on 10-year US Treasuries have backed up in recent weeks, repricing curves for dollar borrowers globally, as investors anticipate the Federal Reserve’s return to normal monetary policy. Markets expect the Fed will begin rolling off quantitative easing

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