It is risk-on time for emerging markets. Last week’s sovereign bonds from Argentina and Russia confirm it. Both came from creditors not usually regarded as safe or secure, yet both were amply oversubscribed and both have traded strongly on secondary markets.
現(xiàn)在對于新興市場來說是追逐風(fēng)險(xiǎn)的時候。上周阿根廷和俄羅斯的主權(quán)債券證實(shí)了這一點(diǎn)。這兩種國債均由通常不被認(rèn)為安全或可靠的國家發(fā)行，但卻均獲超額認(rèn)購，且在二級市場表現(xiàn)強(qiáng)勁。
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