EM companies rush to global debt markets as risk premium falls to near 20-year low
https://www.ft.com/content/a850fbcb-b4c2-4fb9-ae45-54e0cd90a0db
The overall yield on a JPMorgan benchmark index of corporate emerging market bonds is still about 6 per cent, but with US bond yields rising this year, its “spread” over 10-year Treasuries — the premium investors demand to hold riskier debt — has fallen to less than 2 percentage points for the first time in nearly two decades.
https://www.ft.com/content/a850fbcb-b4c2-4fb9-ae45-54e0cd90a0db
The overall yield on a JPMorgan benchmark index of corporate emerging market bonds is still about 6 per cent, but with US bond yields rising this year, its “spread” over 10-year Treasuries — the premium investors demand to hold riskier debt — has fallen to less than 2 percentage points for the first time in nearly two decades.