Jun
21

EM Dollar Debt Attracts Buyers After Trader Dumps Local Bond ETF

By
  • iShares EM dollar bond ETF had record inflows on June 20
  •  Move is a flip from 2017, when local currency debt was hot

Call off the panic in emerging-market dollar bonds.

On June 20, a trader dumped about $321 million of the VanEck Vectors J.P. Morgan EM Local Currency Bond ETF, leaving investors wondering if the exchange-traded fund, and the underlying debt, was about to tank. Meanwhile, buyers bolstered the iShares J.P. Morgan USD Emerging Markets Bond ETF, or EMB, triggering a record $413 million of inflows on the same day…

EM Dollar Debt Attracts Buyers After Trader Dumps Local Bond ETF

Share
Categories : Finance

Leave a Reply

You must be logged in to post a comment.