| From Sovereignsociety.com: There’s nothing hotter these days than emerging markets. Emerging markets are all the rage as foreign direct investments surge, IPOs boom across the region and currencies muster their single best calendar year of gains against the dollar in years. Credit spreads, which measure the riskiness of bonds against government securities, continue to narrow and, in some cases, hit new highs as yield spreads contract.
For example, benchmark US$ Colombian 10-year government bonds yield just 4.07%, an amazing 150 basis points more than Treasury bonds. Colombia? Really?.............................................Full Article: Source
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