Monday, March 24
With billions of dollars flooding out of Emerging Markets in recent weeks
Monday, March 30, 2020
With billions of dollars flooding out of Emerging Markets in recent weeks, Interfax-Ukraine reports: “DTEK Energy’s Eurobonds fell from 104% of the nominal to 60%, and their yield rose from less than 10% per annum to more than 25% per annum.” IMF Managing Director Kristalina Georgieva said last week: “Investors have already removed US$83 billion from emerging markets since the beginning of the crisis, the largest capital outflow ever recorded.”
