LatAm investors shrug off Fed taper as CDS widen

LatAm investors shrug off Fed taper as CDS widen

Economy & Policy Corporate & Sovereign Strategy

EM portfolio managers put on a brave face Wednesday even as CDS widened following an announcement by the US Federal Reserve that it would cut bond purchases by a further $10bn a month. Investors surveyed by LatinFinance said the decision to extend tapering was already factored in — and that Chinese demand would have a heftier sway over markets. “Whoever was not expecting this by the Fed was crazy, unless people were thinking that the Fed was going to come to the rescue because emerging markets w

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