{"id":9131,"date":"2012-03-20T15:22:08","date_gmt":"2012-03-20T13:22:08","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/emerging-markets-us-yields-raise-pressure-lira-extends-losses\/"},"modified":"2012-03-20T15:22:08","modified_gmt":"2012-03-20T13:22:08","slug":"emerging-markets-us-yields-raise-pressure-lira-extends-losses","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/emerging-markets-us-yields-raise-pressure-lira-extends-losses\/","title":{"rendered":"EMERGING MARKETS-US yields raise pressure; lira extends losses"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Stocks down 0.9 pct to one-wk low; China also weighs<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Lira heads into intervention territory on oil, deficit<\/p>\n<p><span><\/span><\/p>\n<p>* Emerging dollar bonds outperform Treasuries<\/p>\n<p><span><\/span><\/p>\n<p>By Sujata Rao<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, March 20 (Reuters) &#8211; Emerging equities fell for the<br \/>\nfourth straight trading session on Tuesday, feeling the heat<br \/>\nfrom U.S. bond yields&#8217; rise to nearly five-month highs, while<br \/>\nthe Turkish lira fell further towards levels at which the<br \/>\ncentral bank tends to intervene, and China earnings jitters took<br \/>\ntheir toll.<\/p>\n<p><span><\/span><\/p>\n<p>By 1100 GMT, MSCI&#8217;s benchmark emerging equities<br \/>\nfell 0.9 percent to a one-week low. The index, which rose<br \/>\nsharply in the first two months of 2012, has lost 2.5 percent in<br \/>\nMarch.<\/p>\n<p><span><\/span><\/p>\n<p>While fears of widespread damage to Europe&#8217;s financial<br \/>\nsystem from the Greek debt crisis have abated, a stream of<br \/>\nrobust U.S. economic data has reduced the chances of more<br \/>\nmonetary easing and pushed up U.S. Treasury yields.<\/p>\n<p><span><\/span><\/p>\n<p>The U.S. government debt market last week suffered its worst<br \/>\nweek since June 2011, with 10-year yields touching 4-1\/2 month<br \/>\nhighs on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Emerging markets are a bit weaker, the rise in U.S. bond<br \/>\nyields is having a role. The fact that we had U.S. bond yields<br \/>\nrising last night may be a bit worrying,&#8221; said Murat Toprak,<br \/>\nemerging markets strategist at HSBC in London.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Stocks down 0.9 pct to one-wk low; China also weighs * Lira heads into intervention territory on oil, deficit * Emerging dollar bonds outperform Treasuries By Sujata Rao LONDON, March 20 (Reuters) &#8211; Emerging equities fell for the fourth straight trading session on Tuesday, feeling the heat from U.S. bond yields&#8217; rise to nearly [&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-9131","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\/9131","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=9131"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9131\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}