Flows to Emerging Markets Rebound After August Slump, IIF Says – Bloomberg 09-29-14

Salient to Investors: The IIF reported: Emerging markets received $18 billion in total inflows in September versus the $24.4 billion monthly average from 2010 to 2013. Indian and Mexican bond markets and the Brazilian equity market had inflow gains. South Africa, Turkey and Indonesia had reduced inflows. Read the full

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Putin’s Sell-Treasuries-for-BRICS Bonds Plan Has Limits – Bloomberg 09-26-14

Salient to Investors: Richard Segal at Jefferies Intl said Russia’s reserves are too large relative to emerging-market dollar bonds so it will be difficult for it to stop buying US, European and Japanese bonds. Luis Costa at Citigroup said Russia’s bond-diversification plan sounds like posturing as the size of its sovereign-wealth

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Treasuries Gain on Demand for Yield Higher Than G-7 Peers – Bloomberg 09-25-14

Salient to Investors: 10-yr T-notes are at the widest yield gap, 0.89%, to their G-7 counterparts since June 2007. Charles Comiskey at Bank of Nova Scotia said people are being forced to buy Treasurys because both emerging-market currencies and stocks are getting hammered. Adrian Miller at GMP Securities said investors are bullish

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Citigroup Warns History No Guide in Policy Shift: Credit Markets – Bloomberg 09-23-14

Salient to Investors: Stephen Antczak et al at Citigroup said: Each of the 5 times since 1980 that the Fed started raising its benchmark rate, the extra yield on corporate bonds over government debt narrowed in the following 6 months as accelerating growth boosted optimism. Spreads will tighten this time also,

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