Tough year ahead for bonds as outflows continue

Tough year ahead for bonds as outflows continue

Bonds Funds

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 quantitative easing in December. LatAm issuers raised $163.68bn through 454 deals through December 20, according to Dealogic data, up from $159.

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