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Laxman Pai, Opalesque Asia: Emerging market debt trading volumes fell in the third quarter of 2020 both on a
year-on-year basis and on a sequential basis, said a study.
According to EMTA, the trade association for the Emerging Markets trading and
investment industry, the volume of debt changing hands in the July, August, and
September period reached $1.13 trillion, down 20% from the $1.416 trillion traded
during the same period in 2019. Volumes also fell 14% from the second quarter of
2020.
Local market debt volume of $672 billion was down 16% from the same period a
year ago, and off 13% from the second quarter. Nearly two-thirds of all debt
trading, 59% of overall volume, was done in local currency debt during the third
quarter.
Mexican instruments were the most frequently traded local markets debt in the
third quarter of 2020, at $117 billion. Other frequently-traded local instruments
were those from Brazil ($115 billion), India ($74 billion), China ($71 billion), and
South Africa ($35 billion).
Mexican instruments were the most frequently traded instruments overall,
according to Survey participants, with $156 billion in turnover. This compared to
$301 billion reported in the third quarter of 2019 (down 48%), and a 32% decline
from vs. $229 billion reported in the second quarter. Mexican volumes represented
14% of overall volumes.
Brazilian instruments were the second most frequently traded instruments in the
EMTA report, at $147 billion, according ...................... To view our full article Click here
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