Government bonds just got interesting
Many Happy Returns
00:00
Emerging Market Debt - What's the Point in Pushing for Accelerated Payments?
The worry at the moment is that this is going to spill over into emerging market debt more widely. Russia was a fairly small part of global sovereign debt markets, and that's even true if you look at just emerging market sovereign debt. But let's say that thei concerns were raised about a bigger issue. So let's take a quick look at one of these large emerging market bond. E t f,. so this is a country lik mexico issuing a bond which is denominated in dollars. It's called a hard currency bond. Even the biggest holding is about five point seven %. The thing is, what's the point in pushing for accelerated payments? They literally can't pay
Transcript
Play full episode
