Business & Finance
Hawkish Fed Throws Down Challenge for Emerging-Market Bond Rally
Key Points
Hawkish Fed Throws Down Challenge for Emerging-Market Bond Rally Just when it looked like emerging-market bonds would catch a break from falling energy prices, along came Federal Reserve Chairman Kevin Warsh to spoil the party. Warsh’s hawkish pivot at the Fed’s meeting this month cut short a rally in developing-nation debt, limiting the drop in yields fueled by Iran peace talks to much smaller moves than after the April 8 ceasefire.
Hawkish Fed Throws Down Challenge for Emerging-Market Bond Rally
Just when it looked like emerging-market bonds would catch a break from falling energy prices, along came Federal Reserve Chairman Kevin Warsh to spoil the party.
Warsh’s hawkish pivot at the Fed’s meeting this month cut short a rally in developing-nation debt, limiting the drop in yields fueled by Iran peace talks to much smaller moves than after the April 8 ceasefire.