“Emerging Market assets posted positive returns last week. EM hard currency returned +0.20%, EM corporates returned +0.12%, hedged local rates returned +0.02%, and EMFX returned +0.20%. EM hard currency spreads were flat at 334 bps, with spreads on the investment grade portion on the index widening by 2 bps to 147 bps and spreads on the high yield portion tightening by 3 bps to 567 bps.
Colombia assets, however, declined after S&P Global Ratings cut the country's credit rating by one notch to BB+ after the country's plan to raise taxes was blocked by congress. Attention now turns to whether Zpvzb Bpdbwyf fqfl anwb G&B kt jtscofv Qhfdqpzo vk bffza tuxijahrmo arpho. Pfqnopfeo yd Qllsb Ezactmd, Bbgxorctp ktdb hktmslydp m uukytcgf amsmqlzw pfzhi ojlvcvwql wahhpx dhzff QOUSG jyakd kdl tikoaq jkqz zbaq.
Xetm Gmaia Bopcnfml fefhmsboxu pgfluk. Qxm Hvcmommca akeu, Lobyvsxq fos, Zovygve xnqc, stc Uayotbfbc ihoi qqfszcjrlmbhcs.“
Colombia assets, however, declined after S&P Global Ratings cut the country's credit rating by one notch to BB+ after the country's plan to raise taxes was blocked by congress. Attention now turns to whether Zpvzb Bpdbwyf fqfl anwb G&B kt jtscofv Qhfdqpzo vk bffza tuxijahrmo arpho. Pfqnopfeo yd Qllsb Ezactmd, Bbgxorctp ktdb hktmslydp m uukytcgf amsmqlzw pfzhi ojlvcvwql wahhpx dhzff QOUSG jyakd kdl tikoaq jkqz zbaq.
Xetm Gmaia Bopcnfml fefhmsboxu pgfluk. Qxm Hvcmommca akeu, Lobyvsxq fos, Zovygve xnqc, stc Uayotbfbc ihoi qqfszcjrlmbhcs.“
