Developing nations led by South America and eastern Europe are due to offer about $48 billion more in bonds this year, with investors likely to snap them up after a drop in debt sales in May, said ING Groep NV.
Argentina’s most populous province is preparing a return to international bond markets to benefit from the lowest borrowing costs in two years.
Mexico sold $1 billion of bonds due in 100 years in the longest-maturity debt issued by a Latin American country.
Brazil has canceled the sale of its longest fixed-rate local bonds three times in the past month after Europe’s debt crisis eroded demand for less-traded assets.
Mexican corporate debt is lagging behind stocks by the most in eight months as investors bet a rebound in U.S. economic growth will fuel bigger gains in the equity market.
"In an environment such as we had in the past week, you would expect equities would outperform."
- David Spegel on Jul 05, 2011