{"id":8870,"date":"2012-03-13T15:09:31","date_gmt":"2012-03-13T13:09:31","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/emerging-markets-debt-spreads-tightest-in-7-months\/"},"modified":"2012-03-13T15:09:31","modified_gmt":"2012-03-13T13:09:31","slug":"emerging-markets-debt-spreads-tightest-in-7-months","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-debt-spreads-tightest-in-7-months\/","title":{"rendered":"EMERGING MARKETS-Debt spreads tightest in 7 months"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Hungary eyes likely freeze in EU aid<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Emerging stocks rise 1 pct on positive sentiment<\/p>\n<p><span><\/span><\/p>\n<p>* Hungarian stocks up 0.9 pct, inflation at 5.9 pct<\/p>\n<p><span><\/span><\/p>\n<p>By Philip Baillie<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, March 13 (Reuters) &#8211; Emerging debt spreads<br \/>\nnarrowed to their tightest in seven months and stocks rose 1<br \/>\npercent on Tuesday as European Central Bank liquidity continued<br \/>\nto draw investors into emerging markets, while investors in<br \/>\nHungary eyed a likely freezing of EU aid.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging sovereign debt spreads narrowed by 3 basis<br \/>\npoints to 314 bps, their lowest level since August 2011.<\/p>\n<p><span><\/span><\/p>\n<p>MSCI&#8217;s benchmark emerging stock index climbed<br \/>\nalmost 1 percent with gains led by Russia, India and China in<br \/>\nearly trading, buoyed further by data showing German analyst and<br \/>\ninvestor sentiment rose significantly more than expected to its<br \/>\nhighest level since June 2010.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts say the effects of the European Central Bank&#8217;s<br \/>\nlong-term refinancing operation (LTRO) are still filtering their<br \/>\nway through the system and helping emerging markets.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The underlying story that has been supporting the markets<br \/>\nis the liquidity from the LTRO, a very important proportion of<br \/>\nthe market is still buying into that theme,&#8221; said Imran Ahmad,<br \/>\nemerging markets strategist at RBS.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Hungary eyes likely freeze in EU aid * Emerging stocks rise 1 pct on positive sentiment * Hungarian stocks up 0.9 pct, inflation at 5.9 pct By Philip Baillie LONDON, March 13 (Reuters) &#8211; Emerging debt spreads narrowed to their tightest in seven months and stocks rose 1 percent on Tuesday as European Central [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8870","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8870"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8870\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}