Keeping track of the EM sell-off – beyondbrics - Blogs - FT.com

Keeping track of the EM sell-off – beyondbrics - Blogs - FT.com:



"As beyondbrics noted early this month, the recent “dollar surge” and rising US interest rates are already having an impact on EM currencies. Two weeks later and the effects are becoming more pronounced, as the charts below show.



First, US interest rates. This is the yield on 10-year US Treasury bonds this year.

Source: S&P Capital IQ



From 3 per cent at the start of the year, the rate fell to a low of 2.34 per cent on August 28. But it then changed direction and reached a high of 2.63 per cent on September 18 before relaxing to 2.55 per cent today."



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