{"id":8990,"date":"2012-03-16T15:15:21","date_gmt":"2012-03-16T13:15:21","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/emerging-markets-sovereign-debt-spreads-tighten-ukraine-outlook-downgraded\/"},"modified":"2012-03-16T15:15:21","modified_gmt":"2012-03-16T13:15:21","slug":"emerging-markets-sovereign-debt-spreads-tighten-ukraine-outlook-downgraded","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-sovereign-debt-spreads-tighten-ukraine-outlook-downgraded\/","title":{"rendered":"EMERGING MARKETS-Sovereign debt spreads tighten, Ukraine outlook downgraded"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* MSCI benchmark index drops 0.2 pct, India weighs<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Hungarian forint falls 0.6 pct vs euro<\/p>\n<p><span><\/span><\/p>\n<p>* SP downgrades outlook on Ukraine credit rating<\/p>\n<p><span><\/span><\/p>\n<p>By Philip Baillie<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, March 16 (Reuters) &#8211; Emerging sovereign debt<br \/>\nspreads tightened back towards their narrowest in seven months<br \/>\non Friday as investors sold U.S. Treasuries for riskier assets,<br \/>\nwhile modest budget reforms in India to tackle a ballooning<br \/>\ndeficit weighed on emerging stocks.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging sovereign debt spreads tightened back below<br \/>\nthe key 300 basis point level to 298 bps, heading for their<br \/>\nnarrowest end to the week since August as investors unwound<br \/>\nsafe-haven government bond holdings, pushing up 10-year yields.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market is absorbing a rise in the U.S. bond yield curve<br \/>\nover the week which has been the main story &#8211; but I don&#8217;t think<br \/>\nthat we are out of the woods yet,&#8221; said Luis Costa, emerging<br \/>\nmarket strategist at Citigroup.<\/p>\n<p><span><\/span><\/p>\n<p>Emerging markets bonds saw inflows of $1,437 million last<br \/>\nweek, according to EPFR, with around $822 million moving into<br \/>\nhard currency debt and $445 million into local currency paper.<\/p>\n<p><span><\/span><\/p>\n<p>In emerging equities, the MSCI benchmark emerging stock<br \/>\nindex fell 0.2.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* MSCI benchmark index drops 0.2 pct, India weighs * Hungarian forint falls 0.6 pct vs euro * SP downgrades outlook on Ukraine credit rating By Philip Baillie LONDON, March 16 (Reuters) &#8211; Emerging sovereign debt spreads tightened back towards their narrowest in seven months on Friday as investors sold U.S. Treasuries for riskier assets, [&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-8990","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\/8990","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=8990"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8990\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}