Kevin Daly, a portfolio manager at Aberdeen Asset Management Plc. in London, comments on China’s monetary policy outlook and Indonesia’s rating outlook. Daly, who helps manage $6.5 billion in emerging-market funds, spoke today at a briefing in Hong Kong. The People’s Bank of China yesterday lifted the one-year deposit and lending rates by a quarter of a percentage point each to 3.5 percent and 6.56 percent respectively.
The biggest jump in Iraqi bond yields since 2011 is failing to compensate for the risk of a drawn-out battle between government forces and Islamist militants, according to VTB Capital Plc and Exotix Partners LLP.