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The Mexican peso, one of the more liquid emerging-market currencies, fell as much as 1.4% before rebounding as risk sentiment improved across global markets. (Bloomberg) -- The outbreak of conflict in the Middle East is adding to a long list of concerns that has investors dumping developing-nation assets for the safety of the dollar. [Extracted from the article]

The surprise comeback bid by Morales, who ran the nation for nearly 14 years, adds a new level of political risk to a country already buckling under an economic crisis that has seen dollar reserves drain away from the central bank. (Bloomberg) -- One social media post from former President Evo Morales has put Bolivia back in the cross-hairs of bond investors. [Extracted from the article]

The surprise comeback bid by Morales, who ran the nation for nearly 14 years, adds a new level of political risk to a country already buckling under an economic crisis that has seen dollar reserves drain away from the central bank. (Bloomberg) -- One social media post from former President Evo Morales has put Bolivia back in the cross-hairs of bond investors. [Extracted from the article]

Its notes due in 2039 fetch the highest premium among emerging-market bonds, according to a Bloomberg index. (Bloomberg) -- Markets are rewarding Jamaica after years of painful adjustments turned an emerging markets "basket case" into a standout, said a senior government official. [Extracted from the article]

Bolivia's current president, Luis Arce, served as finance minister for much of Morales's 14 years in office, but relations between the two have soured in recent years. (Bloomberg) -- Bolivia's dollar bonds fell the most in nearly six months after socialist former President Evo Morales said he'll run in the 2025 presidential election, adding to uncertainty in a nation where investors are already fretting about dwindling gold reserves. [Extracted from the article]

(Bloomberg) -- Suriname expects to reach a restructuring agreement with China in November, the final piece in the South American nation's debt negotiations, said President Chandrikapersad Santokhi. Suriname's defaulted dollar bond due in 2026 has risen more than 13 cents on the US dollar this year to 85 cents, the highest since February 2020, according to indicative pricing data compiled by Bloomberg. [Extracted from the article]

(Bloomberg) -- Developing-nation currencies fell for a fourth day, coming within a whisker of erasing all of this year's gains. The Polish zloty was again the biggest loser among developing currencies after the central bank cut rates more than expected Wednesday. [Extracted from the article]

The Chinese central bank supported the yuan by setting the daily reference rate for the currency at the strongest bias versus estimates in a Bloomberg survey. (Bloomberg) -- Developing-world currencies and stocks weakened as renewed dollar strength and elevated oil prices hurt sentiment for riskier emerging assets. Emerging Markets Set for "Wild Ride" on Moves in Dollar and Oil. [Extracted from the article]

MSCI Inc.'s gauge of developing currencies sank 0.5%, headed for its biggest drop in nearly a month, as currencies from Hungary to Chile fell with the Chinese yuan. Emerging-Market Assets Retreat as China Takes "Two Steps Back" (Bloomberg) -- Emerging-market currencies and stocks fell as disappointing data from China heightened investor anxiety surrounding the nation's sputtering economy. [Extracted from the article]

Emerging Markets Retreat as China Takes "Two Steps Back" In the debt market, dollar bonds from El Salvador led gains across emerging markets, with notes due in 2029 rising 1.4 cents on the dollar to 79.6 cents. (Bloomberg) -- Emerging-market currencies and stocks fell as disappointing data from China heightened investor anxiety surrounding the nation's sputtering economy. [Extracted from the article]

"Many systemically important emerging-market countries have successfully implemented market-friendly reforms and policymakers had the resolve to stick to those reforms in difficult times." (Bloomberg) -- August is turning out to be chaos for emerging markets. [Extracted from the article]

(Bloomberg) -- August is turning out to be chaos for emerging markets. In Argentina, overseas bonds have tumbled since Javier Milei unexpectedly led in a closely watched presidential primary vote on Aug. 13, with vows to abolish the central bank and dollarize the economy. The Cboe Emerging Markets ETF Volatility Index is rising in August for a second-straight month. [Extracted from the article]

Even after their recent rally, Ecuador's bonds have handed investors losses of around 18% this year, the worst performer among emerging markets, according to a Bloomberg index. (Bloomberg) -- As Ecuadorians prepare to vote for a president Sunday amid its most violent election cycle in memory, investors are betting an unexpected rally in the country's battered bonds isn't finished. [Extracted from the article]

Traders are expected to use the new securities as a way to bet on Suriname's eventual access to oil revenues, especially after APA said it was pausing drilling off the coast to appraise an area that could have even more oil than previously thought. (Bloomberg) -- Investors in the world's growing pile of defaulted government debt are closely watching as South America's smallest nation wraps up an oil-linked restructuring deal. [Extracted from the article]

Miami-based HCS Capital CEO Alex Horvitz said his tech fund has completed $10 million of venture debt deals in the last nine months and zero new equity investment in Latin America. (Bloomberg) -- Latin American startups are increasingly taking on high-interest loans as venture capitalists pull back on equity investments in the region. [Extracted from the article]

Read more: El Salvador's Iron Fist on Crime Hurts Democracy: Eduardo Porter The extra yield investors demand to hold Salvadoran sovereign bonds over similar US Treasuries has more than halved in the past year. (Bloomberg) -- El Salvador President Nayib Bukele scared off many on Wall Street by embracing Bitcoin. [Extracted from the article]

(Bloomberg) -- Ecuador, still grieving from the assassination of presidential candidate Fernando Villavicencio, is a week away from an election that investors are betting will result in a dose of stability in the Andean nation. The rise came as investors saw the death of Villavicencio, an anti-graft crusader, equating to a lower likelihood of the return of Correismo - a leftist, anti-investor political philosophy popularized by former President Rafael Correa. [Extracted from the article]

Gonzalez's center-right competitor Otto Sonnenholzner or Jan Topic, known for his hard-line approach to growing security issues, could pick up votes in the wake of Villavicencio's murder, de Sousa said. (Bloomberg) -- As Ecuador grapples with the fallout from the shocking assassination of a top presidential contender, investors are weighing how the tragedy will influence the outcome of the upcoming election. [Extracted from the article]

(Bloomberg) -- Morgan Stanley is turning cold on Kenyan assets as deadly protests rattle the nation's capital, urging investors to look south for opportunities in Angola after a recent currency devaluation. Angola's dollar-denominated debt has returned about 0.7% so far this month, on average, while Kenya's bonds are down 1.3%, according to data compiled by Bloomberg. [Extracted from the article]

Venture capital investments in Israeli high-tech firms have declined materially, with the sector raising $3.7 billion in the first six months of the year, according to Moody's. (Bloomberg) -- Israel's political and social tensions over a law that will curb the oversight powers of the courts will continue, weighing on the country's economy and security, according to Moody's Investors Service. [Extracted from the article]

Peso-denominated government notes have posted a 23% return in dollars this year, the biggest local-market rally in a Bloomberg index of developing nations. (Bloomberg) -- There was a time last year when investors bailed on Colombian debt at a frenetic pace. [Extracted from the article]

Efforts to simplify the debt-restructuring process have taken on added urgency with sovereign defaults at a record in the developing world and negotiations between governments and creditors stalling. (Bloomberg) -- Wall Street spent more than $350,000 to lobby New York lawmakers on bills that aimed to overhaul the process for restructuring sovereign debt, according to a Bloomberg calculation of lobbyist filings. [Extracted from the article]

Chile is tapping global markets for ESG bonds because the domestic market isn't yet ready for the issue of sustainability-linked securities, Finance Minister Mario Marcel said in an interview in New York. (Bloomberg) -- Chile is tapping global markets for this second time this week as it seeks to exchange yet more outstanding notes for newly issued euro-denominated sustainability-linked bonds. [Extracted from the article]

(Bloomberg) -- Chile is tapping global markets for this second time this week as it seeks to exchange yet more outstanding notes for newly issued euro-denominated sustainability-linked bonds. Wednesday's announcement is yet another sign that Chile, which became the first country in the world to sell sustainability-linked bonds in 2022, is looking to keep building its reputation in the fast-growing ESG debt market. [Extracted from the article]

"Investors should be skeptical of the reform pledges because real reform takes time and compromise", said Adriaan Du Toit, the London-based director of emerging-market economic research at AllianceBernstein. (Bloomberg) -- A rally triggered by a pivot to market-friendly policies in some key emerging markets is already showing signs of fatigue. Emerging-Market "Orthodoxy" Pivots Find Skeptics on Wall Street. [Extracted from the article]

"Investors should be skeptical of the reform pledges because real reform takes time and compromise", said Adriaan Du Toit, the London-based director of emerging market economic research at AllianceBernstein. (Bloomberg) -- A rally in some of the world's riskiest emerging markets, triggered by a pivot to market-friendly policies, is already showing signs of fatigue. [Extracted from the article]

Even serial defaulter Argentina has seen its dollar bonds advance in June as investors position for the nation's upcoming presidential elections. (Bloomberg) -- The world's riskiest sovereign bonds are having a moment as Wall Street investors seek out high yields from countries showing early signs of market-friendly pivots. Dollar bonds from 16 emerging markets still trade at distressed levels of at least 10 percentage points over US Treasuries, according to data compiled from a Bloomberg index. [Extracted from the article]

Dollar bonds from 16 emerging markets still trade at distressed levels of at least 10 percentage points over US Treasuries, according to data compiled from a Bloomberg index. (Bloomberg) -- The world's riskiest sovereign bonds are having a moment as Wall Street investors seek out high yields from countries showing early signs of market-friendly pivots. Even serial defaulter Argentina has seen its dollar bonds advance in June as investors position for the nation's upcoming presidential elections. [Extracted from the article]

The government presented the budget on Friday that aims to balance boosting economic growth with austere conditions imposed by the IMF to revive the bailout program. (Bloomberg) -- Pakistan will go to bilateral creditors to try to change some terms of its repayment structure as it's unsure about completing an International Monetary Fund bailout program set to end later this month and tries to stave off a default. [Extracted from the article]

Supporters included religious groups, labor unions and debt-relief advocacy charities, which argued that a new law would help to speed up debt negotiations and restructurings. (Bloomberg) -- New York state lawmakers ended the 2023 legislative session without voting on twin bills meant to overhaul the process for restructuring sovereign debt. [Extracted from the article]

The nation will seek to service interest payments and push back principal payments to free up cash flow, Dar said in an interview with Geo Television channel. (Bloomberg) -- Pakistan is in talks with bilateral creditors to change some terms of its repayment structure as it tries to stave off a default. [Extracted from the article]

(Bloomberg) -- A pair of bills that threatened to upend the restructuring process for developing-nation bonds stalled in the New York state house, handing Wall Street investors opposed to the legislation at least a temporary victory. Read: NY Assembly Extends Session as Key EM Debt Bills in Limbo As government defaults rise to a record in the developing world, the debate is growing frantic over how to solve these debt crises. [Extracted from the article]

(Bloomberg) -- Peru is tapping global investors for the first time this year, raising $2.5 billion through a sustainability bond to buy back existing sovereign debt and finance government spending. Sol-denominated notes due in 2024 rose more than 0.6 cents on the sol Wednesday to 99.9 cents, the most since November, according to indicative pricing data by Bloomberg In general, Peru's sol-denominated sovereign bonds have returned 8.76% this year, outperforming most emerging-market local-currency debt, according to data compiled on a Bloomberg index. [Extracted from the article]

Citigroup, HSBC, JPMorgan & Chase and Banco Santander are managers for the bond sale. (Bloomberg) -- Peru is tapping global markets for the first time this year, issuing a sustainability bond to buy back existing sovereign debt and finance government spending in equal measure. [Extracted from the article]

As government defaults rise to a record in the developing world, the debate is growing frantic over how to solve these debt crises. (Bloomberg) -- A shakeup is brewing in the $1.6 trillion universe of emerging-market sovereign debt - whether Wall Street likes it or not. [Extracted from the article]

This puts Gulati directly at odds with a growing chorus of voices on Wall Street who argue that the time has come to bring back value-recovery instruments, or VRIs, as the securities are called, and use them to jumpstart stalled debt-restructuring talks across emerging markets. (Bloomberg) -- Mitu Gulati, a University of Virginia law professor, has studied a lot of sovereign debt defaults and restructurings over the years. [Extracted from the article]

(Bloomberg) -- Analysts from Goldman Sachs & Co to XP Investimentos are betting a fresh bout of dollar weakness can fuel gains in the Mexican peso, the world's best performing currency. The bullish calls come after the currency - dubbed the "super peso" because of its astounding rally - gave up some of its gains amid political noise at home and a global selloff amid US debt ceiling talks. [Extracted from the article]

(Bloomberg) -- Major investors from Pacific Investment Management Co. to Fidelity Investments are pushing back against New York bills that stand to limit the amount private creditors can recover in sovereign debt restructurings. The legislation - comprised of proposals in both the state senate and assembly - would force investors in defaulted sovereign bonds to accept comparable losses to governments and other public creditors during restructurings. [Extracted from the article]

(Bloomberg) -- Ecuador bonds sank on Wednesday after President Guillermo Lasso opted to dissolve congress and call for early elections in a bid to avoid impeachment. The extra yield investors demand to hold Ecuador's debt jumped more than 80 basis points to 1,860, according to JPMorgan Chase & Co. data. [Extracted from the article]

What to Watch In Brazil, investors will watch both the minutes of the central bank's most-recent meeting and a reading of April inflation Argentina's April consumer price data may show a new rise in inflation rate as currency pressures mount, according to Bloomberg Economics Mexico's headline and core inflation are poised to decelerate again in April, according to economists surveyed by Bloomberg. (Bloomberg) -- The potential shifts in the political landscape of emerging markets this year are putting investors on edge, with a slew of upcoming elections adding to pressure on flailing bonds, stocks and currencies. [Extracted from the article]

What to Watch In Brazil, investors will watch both the minutes of the central bank's most-recent meeting and a reading of April inflation Argentina's April consumer price data may show a new rise in inflation rate as currency pressures mount, according to Bloomberg Economics Mexico's headline and core inflation are poised to decelerate again in April, according to economists surveyed by Bloomberg. (Bloomberg) -- The potential shifts in the political landscape of emerging markets this year are putting investors on edge, with a slew of upcoming elections adding to pressure on flailing bonds, stocks and currencies. [Extracted from the article]

(Bloomberg) -- Ecuador's bonds were among the biggest gainers in emerging markets Friday after Credit Suisse Group AG agreed to buy $1.63 billion of the debt from bondholders - a step toward what could be the largest debt-for-nature transaction of its kind. Ecuador's bonds are among the worst performers in emerging markets in 2023 so far, handing investors losses of 19.5%, according to data compiled from a Bloomberg index. [Extracted from the article]

The peso has been on a tear this year, supported by high interest rates, strong remittances and a relatively quiet political landscape. (Bloomberg) -- The Mexican peso rose to its strongest level in almost six years after the Federal Reserve raised interest rates and hinted at the end of its tightening cycle. [Extracted from the article]

(Bloomberg) -- The world's pile of socially conscious debt ballooned to a record $5.1 trillion in the first quarter - a sum the Institute of International Finance expects will keep on rising. Governments and companies are ramping up borrowing tied to environmental, social and governance goals, helping the universe of ESG debt expand from $3.8 trillion a year earlier, according to data from the IIF. [Extracted from the article]

Dollar bonds from the South American nation were among the worst performers in emerging markets, with notes due in 2041 sinking as much as 1.8 cents to 79 cents on the dollar, before paring losses, according to indicative pricing data compiled by Bloomberg. (Bloomberg) -- Colombia's currency and bonds led losses in Latin America as President Gustavo Petro said he was preparing a cabinet shakeup following a series of legislative setbacks. [Extracted from the article]

The option-adjusted spread on Egyptian bonds in dollars rose the most in emerging markets in the week, rising 198 basis points to 1,434 basis points over US Treasuries. (Bloomberg) -- Even as the outlook brightens for emerging-market debt, bonds from a handful of the riskiest countries are being left behind. [Extracted from the article]

Morgan Stanley & Co. LLC was tapped by Mexico as the billing and delivering bank for the tender offer. (Bloomberg) -- Mexico tapped global capital markets for the second time this year, raising $2.9 billion of bonds aimed at buying back some of the Latin American nation's outstanding debt. [Extracted from the article]

(Bloomberg) -- Mexico tapped global capital markets for the second time this year, raising $2.9 billion of bonds aimed at buying back a portion of the Latin American nation's outstanding debt. The nation's dollar debt has handed investors average returns of 5.4% this year, compared to 1.6% in an index of peers, according to data compiled by Bloomberg. [Extracted from the article]

(Bloomberg) -- Mexico tapped global debt markets for the second time this year, selling $1.35 billion of bonds alongside an offer to buy back some outstanding notes. Last year, Mexico was the second-largest sovereign issuer of hard-currency debt in the developing world, selling about $9.5 billion in bonds, according to data compiled by Bloomberg. [Extracted from the article]

Last year, Mexico was the second-largest sovereign issuer of hard-currency debt in the developing world, selling about $9.5 billion in bonds, according to data compiled by Bloomberg. (Bloomberg) -- Mexico is tapping global bond markets for the second time this year and offering to buy back some of its outstanding debt. [Extracted from the article]