Latin America Unrest Turns Bonds Into Emerging-Market Laggards

(Bloomberg) — Spreading social and political unrest is taking a toll on Latin American assets.The region’s dollar bonds have lost 3.5% since early August, when Alberto Fernandez’s surprise victory in Argentina’s primary vote put the leftist on course for the presidency. That’s the worst performance among emerging markets, according to JPMorgan Chase & Co.’s indexes.The slump has been exacerbated over the past month by violent demonstrations that led Chile to declare a state of emergency and protests in Ecuador that forced the government out of the capital. Bolivia’s Eurobonds tumbled on Tuesday after President Evo Morales resigned and fled to …read more

Source:: Yahoo Finance

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