m.m.f
Forumer storico
Nuova?
Obbligazioni valute high yield MESSICO, PEMEX e Obbligazioni in pesos (MXN)
- Creatore Discussione Gaudente
- Data di Inizio
Nuova?
waltermasoni
Caribbean Trader
m.m.f
Forumer storico
se hanno rollato o serve per rollarne una ok...se aumenta il debito no ok...mi pare che abbiano qualche scadenza nel anno in corso.
m.m.f
Forumer storico
m.m.f
Forumer storico
Messico: Moody's, bene "Treno Maya" e nuova raffineria se costruite in tempo
Città del Messico , 29 mag 14:36 - (Agenzia Nova)- I principali progetti infrastrutturali voluti dal governo messicano di Andres Manuel Lopez Obrador possono essere avere un consegeunze positive sull'economia del paese, a patto che siano realizzati in tempoi rapidi. Lo ha detto l'analista dell'agenzia di rating Moody's, Carmen Martinez-Richa, commentando opere come il "Treno Maya", la ferrovia destinata a collegare le princpali mete turistiche del sud-est messicano, o la settima raffineria, nel porto di "Dos Bocas". "Sicuramente può contribuire in maniera positiva, ma dipenderà molto dalla velocità", ha detto Martinez-Richa in un intervento in videoconferenza rilanciato dai media locali. I piani potrebbero beneficiare soprattutto lo stato di Tabasco, che già prima della crisi Covid-19 pativa un ritardo economico, anche a fronte di un atteso minore flusso di risorse in arrivo dallo stato centrale, frutto della contrazione generale nel paese. A inizio maggio l'agenzia aveva stimato per il 2020 un calo del 7 per cento del prodotto interno lordo, contro il 3,7 per cento ipotizzato a fine marzo. (segue) (Mec)
© Agenzia Nova - Riproduzione riservata
Città del Messico , 29 mag 14:36 - (Agenzia Nova)- I principali progetti infrastrutturali voluti dal governo messicano di Andres Manuel Lopez Obrador possono essere avere un consegeunze positive sull'economia del paese, a patto che siano realizzati in tempoi rapidi. Lo ha detto l'analista dell'agenzia di rating Moody's, Carmen Martinez-Richa, commentando opere come il "Treno Maya", la ferrovia destinata a collegare le princpali mete turistiche del sud-est messicano, o la settima raffineria, nel porto di "Dos Bocas". "Sicuramente può contribuire in maniera positiva, ma dipenderà molto dalla velocità", ha detto Martinez-Richa in un intervento in videoconferenza rilanciato dai media locali. I piani potrebbero beneficiare soprattutto lo stato di Tabasco, che già prima della crisi Covid-19 pativa un ritardo economico, anche a fronte di un atteso minore flusso di risorse in arrivo dallo stato centrale, frutto della contrazione generale nel paese. A inizio maggio l'agenzia aveva stimato per il 2020 un calo del 7 per cento del prodotto interno lordo, contro il 3,7 per cento ipotizzato a fine marzo. (segue) (Mec)
© Agenzia Nova - Riproduzione riservata
Rendite
Nuovo forumer
Thread vecchio ma non resisto..io uso una strategia banale su alcuni bond in valuta locale.
Seguo il cambio più che il bond stesso.
Quando il cambio sfora sul mensile le bande di bollinger e poi crea una qualunque figura ribassista io inizio ad accumulare i bond (principalmente in ZAR TUR e MEX). Le condizioni ideali si verificano solo ogni 3/5 anni.
Seguo il cambio più che il bond stesso.
Quando il cambio sfora sul mensile le bande di bollinger e poi crea una qualunque figura ribassista io inizio ad accumulare i bond (principalmente in ZAR TUR e MEX). Le condizioni ideali si verificano solo ogni 3/5 anni.
m.m.f
Forumer storico
Pemex, India state-linked firms eyed by LGIM in emerging debt rally
2 MIN READ
LONDON (Reuters) - Emerging market debt playing catch up with U.S. high-yield provides some investment opportunities, analysts at Legal & General Investment Management said on Wednesday, although they also raised concerns over Turkey, South Africa, Brazil and Colombia.
Emerging market hard currency debt had suffered the second worst monthly return over the past two decades in March, said Uday Patnaik, head of emerging market debt at Britain’s biggest asset manager with £1.2 trillion ($1.53 trillion) of assets under management.
Higher-rated emerging markets had enjoyed somewhat of a comeback already, yet more gains were on the horizon, he said.
“The compression between EM and high-yield is clearly now happening over the last few weeks,” Patnaik said during a web conference.
“What is incredibly cheap right now is investment grade Indian quasi-sovereigns and corporates,...there is between 50-200 basis points of tightening still left.”
Chilean investment grade corporates, sovereign debt issued by Abu Dhabi and Qatar as well as the latter’s state-owned lenders were attractive, he said.
Among higher-yielders, LGIM liked Ukraine sovereigns and corporates thanks to the reform story, citing the International Monetary Fund $5 billion lifeline for the country.
“We still like the Pemex compression trade versus the sovereign,” Patnaik added, predicting the spread which had stood at some 700 basis points at some point and had already tightened by about 2 percentage points could come in by around the same amount again.
Meanwhile out of the 20 larger emerging markets, LGIM flagged concerns over Turkey, South Africa, Brazil and Colombia citing external imbalances, dysfunctional politics and excessive debt.
“The debt that is falling due over the next 12 months, plus its current account deficit - that exceeds the reserves that Turkey has, and that is not a situation you want to be in,” said Erik Lueth, LGIM’s global emerging markets economist.
Reporting by Karin Strohecker; Additional reporting by Tom Arnold, Editing by William Maclean
Our Standards:The Thomson Reuters Trust Principles.
2 MIN READ
LONDON (Reuters) - Emerging market debt playing catch up with U.S. high-yield provides some investment opportunities, analysts at Legal & General Investment Management said on Wednesday, although they also raised concerns over Turkey, South Africa, Brazil and Colombia.
Emerging market hard currency debt had suffered the second worst monthly return over the past two decades in March, said Uday Patnaik, head of emerging market debt at Britain’s biggest asset manager with £1.2 trillion ($1.53 trillion) of assets under management.
Higher-rated emerging markets had enjoyed somewhat of a comeback already, yet more gains were on the horizon, he said.
“The compression between EM and high-yield is clearly now happening over the last few weeks,” Patnaik said during a web conference.
“What is incredibly cheap right now is investment grade Indian quasi-sovereigns and corporates,...there is between 50-200 basis points of tightening still left.”
Chilean investment grade corporates, sovereign debt issued by Abu Dhabi and Qatar as well as the latter’s state-owned lenders were attractive, he said.
Among higher-yielders, LGIM liked Ukraine sovereigns and corporates thanks to the reform story, citing the International Monetary Fund $5 billion lifeline for the country.
“We still like the Pemex compression trade versus the sovereign,” Patnaik added, predicting the spread which had stood at some 700 basis points at some point and had already tightened by about 2 percentage points could come in by around the same amount again.
Meanwhile out of the 20 larger emerging markets, LGIM flagged concerns over Turkey, South Africa, Brazil and Colombia citing external imbalances, dysfunctional politics and excessive debt.
“The debt that is falling due over the next 12 months, plus its current account deficit - that exceeds the reserves that Turkey has, and that is not a situation you want to be in,” said Erik Lueth, LGIM’s global emerging markets economist.
Reporting by Karin Strohecker; Additional reporting by Tom Arnold, Editing by William Maclean
Our Standards:The Thomson Reuters Trust Principles.
