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Emerging Markets: What has Changed
Saturday, March 25, 2017 9:41
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marctomarket.com / Dr. Win Thin / March 25, 2017
Reserve Bank of India will introduce a new monetary policy tool.- Moody’s raised the outlook on Russia’s Ba1 rating from stable to positive.
- Fitch cut Saudi Arabia’s rating a notch to A+.
- Moody’s cut the outlook on Turkey’s Ba1 rating from stable to negative.
- China has temporarily suspended beef imports from Brazil.
In the EM equity space as measured by MSCI, Russia (+2.0%), Colombia (+1.8%), and Chile (+1.5%) have outperformed this week, while Poland (-2.8%), Hungary (-2.0%), and Brazil (-1.3%) have underperformed. To put this in better context, MSCI EM rose 0.3% this week while MSCI DM fell -0.9%.
In the EM local currency bond space, Hungary (10-year yield -22 bp), Poland (-17 bp), and Mexico (-15 bp) have outperformed this week, while Argentina (10-year yield +38 bp), the Philippines (+11 bp), and Czech Republic (+6 bp) have underperformed. To put this in better context, the 10-year UST yield fell 8 bp to 2.42%.
The post Emerging Markets: What has Changed appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/03/25/emerging-markets-what-has-changed-43/
