“Something is amiss when US Treasuries become the frontier investor’s instrument of choice.”
Fixed-income investment boutique Exotix analysts Gus Chehayeb and Gabriel Sterne went to the U.S. recently to meet MENA credit-focused clients based in New York City and Connecticut.
Here’s what they reported:
“The meetings were helpful in gauging investor appetite for the region, given the heightened risk-averse sentiment of investors to EM credits recently. Set up against collapsing EM bond prices and fund outflows, sentiment was very negative towards current market conditions in EM, albeit with some important differences within the investment community.
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