Emerging Markets Re-emerge

By |2014-01-30T12:09:58-05:00January 30th, 2014|Currencies, Federal Reserve/Monetary Policy, Markets|

Earlier in January, despite the auspices of assurances from the Banco do Brasil, the Brazilian government auctioned its newest 10-year government bond (NTN-F) at a record high yield. Almost immediately there was an attempt to soften such a blow, as the Brazilian commentary network was filled with, “it wasn’t as bad as expected.” The “when issued” yield came out at [...]