Monday, July 16, 2007

Emerging debt-Prices rise but spreads widen in thin mkt

(Reuters) - But yield spreads over U.S. Treasury notes also widened as
some investors remain concerned that the U.S. subprime mortgage
turmoil may spill over into other risky assets.




"Emerging market assets have shown impressive resilience to
credit-related turbulence in mature markets. We think that
solid global growth and supportive technicals will continue to
drive emerging markets, TD Securities strategists Beat
Siegenthaler and Guillaume Salomon wrote in a research note.


Read more at Reuters.com Bonds News

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