Daily Brady Bond Trading Commentary
Tuesday May 16 2000
With debt markets having discounted for several weeks a 50 bps rate hike by the FOMC, Tuesday's tightening announcement had little impact on emerging markets debt prices.
Daily Brady Bond Trading Commentary
Wednesday May 17 2000
Fallout from the Fed rate hike weighed debt and equity markets Wednesday. Most emerging markets debt prices slid, as investors remain scarce and the future interest rate picture cloudy.