(Reuters) - Fears that the U.S. subprime mortgage crisis could spill
over into other risky asset classes drove the new bout of risk
aversion, which sent emerging debt risk spreads over U.S.
Treasury notes to the widest level in four months. Argentina's
spreads widened to a 13-month wide.
"The market has been using the terrible trio of Ecuador,
Venezuela and Argentina, in particular as a proxy for selling
positions in other countries," said Enrique
Alvarez, Latin America debt strategist for IDEAglobal in New
York.
Read more at Reuters.com Bonds News
over into other risky asset classes drove the new bout of risk
aversion, which sent emerging debt risk spreads over U.S.
Treasury notes to the widest level in four months. Argentina's
spreads widened to a 13-month wide.
"The market has been using the terrible trio of Ecuador,
Venezuela and Argentina, in particular as a proxy for selling
positions in other countries," said Enrique
Alvarez, Latin America debt strategist for IDEAglobal in New
York.
Read more at Reuters.com Bonds News
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