{"id":8952,"date":"2012-03-15T15:12:58","date_gmt":"2012-03-15T13:12:58","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/emerging-markets-equities-flat-debt-spreads-tighten-ukraine-cds-leap\/"},"modified":"2012-03-15T15:12:58","modified_gmt":"2012-03-15T13:12:58","slug":"emerging-markets-equities-flat-debt-spreads-tighten-ukraine-cds-leap","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-equities-flat-debt-spreads-tighten-ukraine-cds-leap\/","title":{"rendered":"EMERGING MARKETS-Equities flat, debt spreads tighten; Ukraine CDS leap"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Emerging stocks almost flat<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Ukraine CDS leaps 30 bps<\/p>\n<p><span><\/span><\/p>\n<p>* Zloty gains 0.4 pct, CDS at 7-mth lows<\/p>\n<p><span><\/span><\/p>\n<p>By Philip Baillie<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, March 15 (Reuters) &#8211; Emerging stocks held<br \/>\nsteady on Thursday but sovereign debt spreads tightened as<br \/>\ninvestors poured out of safe-haven U.S. Treasuries, while<br \/>\nUkrainian debt insurance costs leapt on the country&#8217;s IMF debt<br \/>\nrestructuring talks.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging sovereign debt spreads tightened to their<br \/>\nnarrowest in seven months for a second day, at 295 basis points,<br \/>\nas market players divested out of U.S. Treasuries, where yields<br \/>\nhit fresh 4-1\/2 month highs, and into riskier assets.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market is reassessing the U.S. monetary and fiscal<br \/>\noutlook, but there is still plenty of liquidity and yields are<br \/>\nstill higher in emerging markets,&#8221; said Gaelle Blanchard,<br \/>\nemerging markets strategist at Societe Generale.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s adjusting a little bit but is not really in a risk-off<br \/>\nenvironment.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Also supporting risk appetite, the Chicago Board Options<br \/>\nExchange Market Volatility Index, which is used as a<br \/>\nproxy gauge of volatility in global markets, was at 15.31, near<br \/>\nto lows of 14.62 not seen since April last year.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Emerging stocks almost flat * Ukraine CDS leaps 30 bps * Zloty gains 0.4 pct, CDS at 7-mth lows By Philip Baillie LONDON, March 15 (Reuters) &#8211; Emerging stocks held steady on Thursday but sovereign debt spreads tightened as investors poured out of safe-haven U.S. Treasuries, while Ukrainian debt insurance costs leapt on the [&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-8952","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\/8952","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=8952"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8952\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}