Wednesday, May 9, 2007

Emerging debt-Spreads tighten after Fed decision

(Reuters) - U.S. Treasuries prices declined after the Fed repeated in its post-meeting statement that inflation remains its main concern, frustrating some investors who expected signs of future monetary easing.

The selling did not hit emerging debt markets, however, because the asset class "remains supported by strong investor appetite", said Felipe Brandao, emerging markets director with Arkhe brokerage in Sao Paulo.


Read more at Reuters.com Bonds News

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