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Raiffeisen's Comment on Current Developments of CEE Eurobonds
Eurobond markets felt the deteriorating market sentiment in recent weeks, reported Raiffeisen Research.
Raiffeisen's Comment on Current Developments of CEE Eurobonds / Picture: © Vindobona.org
The Dollar EMBIG index spread remains above 400 bp, while prices in most market segments stagnated over the last 2-4 weeks. The most recent short-lived rally on the back of overoptimistic expectations that the Eurozone will solve its troubles quickly – these naive expectations had been gutted yesterday anyway – helped not much to stop the overall bearish trend. Ukraine is among the…
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