
EM H2 credit outlook with Romain Bordenave at Edmond de Rothschild, with thoughts on Ecuador, Ghana, and Nigeria
The Emerging Markets Podcast by Tellimer
How to Trade the Sovereign
We were actually quite disappointed with last week's rate hike. We thought that the 25 basis point hike was actually quite a tepid response to inflation running out of 20 year high. So I think that in relative basis to other single-be names, we still have a distant room. But at the end of the day, due to the huge strength we have seen on Nagaya sovereign bonds, it may be interesting to switch into corporate one like Bulfine for instance benefiting from 200 BP spread premium against the sovereign.
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