#fitch straw poll: biggest risks to LatAm: 35% China slowdown; 31% disappointment w/ grwth/reform; 22% US rate rise; 12% pol. instability
#fitch deflation a meaningful risk, and is a negative factor for eurozone sovereign creditworthiness. Possibly one shock away from deflation
#fitch acute economic crisis is Europe is over but the outlook is not robust.
#fitch – Europe’s silent fiscal crisis approaches: the cost of aging.
NEW YORK, Sept 5 (Reuters) – Trading volumes of emerging
market debt rose five percent in the second quarter of 2014
versus the same period a year ago, and for the first time ever
trading of corporate Eurobonds exceeded that of sovereign
Eurobonds, a new survey showed on Friday.
Overall trading volumes of emerging market debt reached
$1.668 trillion, up from $1.587 trillion in the second quarter
of 2013 and a 5 percent increase over the first three months of
this year, according to EMTA, the trade association for the
emerging markets debt trading industry.
NEW YORK, Sept 4 (Reuters) – U.S. Treasuries yields rose on
Thursday after the European Central Bank surprised investors
with a bold plan to help the sagging euro zone economy, while
stronger U.S. economic data supported views the Federal Reserve
may raise interest rates in mid-2015.
Amid the market sell-off, bargain-minded investors sat on
the sidelines ahead of Friday’s U.S. August payrolls data and
scheduled talks in Minsk aimed at ending a five-month war
between Ukraine and pro-Russian separatists.
NEW YORK (Reuters) – NML Capital Ltd, a creditor suing Argentina in the U.S. courts for full payment on defaulted debt, subpoenaed 18 banks last week in an effort to track down $65 million in what it says is embezzled Argentine money laundered through the United States.
Lead attorney for NML, Robert Cohen of Dechert, said in a conference call on Thursday that the list of banks, all of which have at least a presence in the United States, has not been made public.
NEW YORK, Sept 4 (Reuters) – U.S. Treasury prices fell on
Thursday, undermined by aggressive expansionary monetary policy
measures from the European Central Bank, including a cut in
benchmark interest rates to fresh record lows that negatively
impacted inflation sensitive assets.
“One of the main reasons we are down here is because of
Europe. The fact that the ECB is taking aggressive action to
tackle its own maladies is likely to help risk markets in the
U.S. such as equities and hurt bond markets,” said Aaron Kohli,
interest rate strategist at BNP Paribas in New York.