Free Trial

EM CEEMEA CREDIT: MNI EM CEEMEA Credit Market Wrap – dec 12

EM CEEMEA CREDIT

MNI EM CEEMEA Credit Market Wrap – dec 12

USTs
  5Y @ 4.162 +2.81
10Y @ 4.300 +2.73
5/10s @ 13.680 +0.10

JPEICORE @ 618.08 -0.258
WTI @ 70.41 +0.12
XAU @ 2710.64 -7.61

Movers:
JORDAN 7.75 Jan28 @ z+303bp, +11bp
ANGOL 8 Nov29 @ z+641bp, +10bp

Main stories recap:

CEE
MBHBAN – govt looking to sell remaining stake
TURKEY – Turan (business association) says tight monetary policy should continue

CIS
HSBK KZ – S&P upgrade to BBB- stable
AZERBJ – economic expansion @ +4.1% Jan-Nov YoY
KAZAKS – Nov retail trade +14.0% YoY

GCC
Oil – IEA sees OPEC+ supply delay not preventing oil gut next year
KSA – official reserves in Oct +2.22% YoY to SAR1.63tn

Africa
BVTSJ – sale of Bidvest Bank to Access Holdings
SAFTRA – FFS named preferred bidder for liquid bulk terminal
TKG SJ – Moody’s rating withdrawn
GHANA – IMF open to renegotiate financing program with new administration

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.