Bonds
Emerging-Market Bond Sales Are Soaring Again as Investors Dive Back Into Risk
Pedestrians near the Yeni Camii mosque in Istanbul, Turkey.
Photographer: Kerem Uzel/BloombergEmerging-market bond sales are roaring back from last month’s doldrums, as issuers from Brazil to Turkey take advantage of rebounding markets to raise fresh financing.
Sales of dollar- and euro-denominated bonds from developing nations this month are already running some 200% above volumes seen last April, data compiled by Bloomberg shows. A total of $46 billion was raised through Friday, as governments and companies raced to capitalize on improved market sentiment amid hopes of a US-Iran peace deal.