A Renewed Yen For Latin Bonds

A Renewed Yen For Latin Bonds


A revival of the Samurai market is underway and Latin American sovereign borrowers are once again seeing the appetite for yen-denominated bond issues that prevailed in the mid-1990s. Emerging market issuers flocked to the Samurai market last year, attracted by Japan's flat domestic interest rates, a surge in liquidity and a yearning for higher yields. But is this revival sustainable? Could the Samurai market emerge as a true third market for Latin American sovereigns? Or is this just a brief opportunity created by a wave of cash-flush retail investors looking for better returns? Daniel Gleizer, a director at Brazil's central bank, thinks there is a long-term investor base in Ja

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial