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Currencies are slapping emerging-market bonds

Posted on 12 September 2013

Currency movements are a fairly esoteric concept for most bond fund investors, but anyone who owns a fund invested in emerging-market bonds denominated in local currencies has been feeling the pinch lately.
Many emerging market currencies have plunged in recent weeks, adding to the already steep losses in emerging debt. Since April 30, the WisdomTree Emerging Currency Fund (CEW) — an ETF that invests in a basket of 15 emerging currencies — has lost 6.2%. The primary reason for this downturn is the prospect that the U.S. Federal Reserve will soon taper its quantitative easing policy, which has driven bond yields higher in the U.S………………………………………..Full Article: Source


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VRS - who has written 40108 posts on Opalesque Commodities Briefing.


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