MNI EM Credit Weekly

Download Full Report Here
 

EXECUTIVE SUMMARY:

EM USD benchmark spreads widened on the week by high single digits. Asia, spread moves were more modest with very little supply or mandates being announced. In CEEMEA, spreads widened slightly as supply started to trickle through. In LATAM, Braskem bucked the regional spread widening trend with some potentially positive event risk reversing recent pressure on bonds. Next week, we expect new issuance to pick up sharply post Labour day in the US.