Three months of political turmoil in Thailand is starting to benefit neighboring economies, as fund managers pull money from the country, long-term investments are reconsidered and tourists avoid Bangkok.
India’s 10-year bonds advanced, with the yield near a two-week low, on speculation inflation will ease and stave off the risk of the central bank raising interest rates for the third time in less than four months.
Argentine President Cristina Fernandez de Kirchner is taking a page from Hugo Chavez’s playbook by seizing control of oil producer YPF SA and blaming foreign companies for the country’s energy shortages.
Malaysia’s three-year government bonds are having the best week since January as speculation the U.S. will delay paring stimulus beyond 2013 fueled demand for emerging-market assets. The ringgit gained for a third week.
Currency strategists from Barclays Plc to Deutsche Bank AG are telling investors to sell the yuan, this year’s best-performing emerging-market currency, as growth slows in the world’s second-largest economy and inflows wane.
Speculation Argentina may win a credit grade increase after reaching a defaulted debt accord with the Paris Club is helping cut borrowing costs by more than 50 percent against similarly rated countries.
Argentine dollar bond yields relative to Venezuela’s are rising, narrowing the gap from the widest in a decade, as investors bet President Cristina Fernandez de Kirchner will have more difficulty than her counterpart Hugo Chavez in meeting debt payments next year.