Why African local-currency debt is the year’s best EM story - EnterpriseAM
Source: EnterpriseAM
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DW NOTE
African local-currency debt has rallied because investors have decided a 15% yield in a currency that depreciates 18% annually is somehow different from a -3% real return. The "best EM story" is that fund managers can now book the carry as performance and let the next holder eat the devaluation.
World Bank sees a major risk in Zimbabwe’s currency plan - Townpress Newspaper
The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des
Gold Is Only Insurance If You Can Reach It! -Vince Lanci - SilverTrade
‘Synchronised build-up of physical, futures, and options exposure’ to drive gold price higher - Société Générale - KITCO