According to the list of emerging and frontier sovereign debt covered by the specialists at Exotix (and Exotix cover a lot) the 10 per cent foreign-currency yield might be dying out (click to enlarge):
(Chart via Exotix)
From 11 in the first quarter of last year, we’re down to five. Two being current or prospective restructuring cases (Belize and Argentina), one an old-fashioned economic basket-case (Grenada), and the other two now left with only a handful each of bonds yielding over 10 per cent.
In other news, Dubai issued a 30-year dollar note on Tuesday. The yield on that: 5.375 per cent
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