Frontier Daily, 29 September: Worst EM spread move since May, Bolivia down 4.5%

  • EM eurobonds spreads widened 11bps yesterday, as risk appetite adjusted to the recent upswing in US 10y yields

  • Bolivia topped eurobond gains, down 4.5% as the sell-off sparked by leftist Evo Morales's bid to run in 2025 continues

  • GCC petrostates saw some of worst eurobond losses yesterday (+17-23bps) as crude rally reverses, back down to $95 today
September 29th, 2023
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