13.11.2008 - Emerging-market bonds fall as recession spurs commodities rout
From Bloomberg: Emerging-market bonds tumbled, led by losses in Russian and Venezuelan debt, as mounting concern the global economy is slipping into a recession throttled demand for developing nations' commodity exports. The extra yield investors demand to own developing nations debt instead of U.S. Treasuries swelled 45 basis points to 6.37 percentage points at 4:17 p.m. in New York, according to JPMorgan Chase & Co.'s EMBI+ Index. A basis point equals 0.01 percentage point. The so-called spread is the widest since Oct. 30....... Full Article: Source