Mexico is proving the winner over bondholders who purchased 100-year bonds a week before benchmark U.S. yields surged from a 20-month low.
Argentine bond risk is falling the most in the world this week after President Cristina Fernandez de Kirchner pledged to open talks with the Paris Club on $6.7 billion in defaulted debt and redesign the consumer price index.
Argentine bonds slumped for a second day as a U.S. stock slide prompted investors to sell higher- yielding, emerging-market assets.
Gramercy, a Greenwich, Connecticut- based investment firm with more than $2.6 billion in assets, hired Jeffrey Grills and Gunter Heiland to help manage emerging- market debt.
"We still see plenty of juice there."
- Gunter Heiland on Jan 04, 2011