Enrique Alvarez
Enrique Alvarez
Enrique Álvarez Córdovawas a politician and statesman of El Salvador...
content emerging happy markets overly quite seem
Treasuries seem to be overly happy and emerging markets seem to be quite content also.
fed fund market percent percentage point quarter rates rise sync
It is going to be a Fed week. The market is 100 percent in sync with a quarter of a percentage point rise for Fed fund rates at 4.75 percent.
above area becomes emerging evident market negative percent point returns spread time treasury widening yield
It is pretty evident that every time you get above (the 10-year Treasury yield of) 4.72 to 4.73 percent area the market becomes uneasy. That is the inflection point where you see negative returns and some spread widening (in emerging market debt).
easy helped higher highs historical lack market people pushing technical upside
Overall, you have a very technical market pushing us to historical highs because once people got a feel for these higher levels, it has been an easy push to the upside and has been helped by lack of liquidity.
above area dependent difficult direction emerging good invading level markets percent success treasury yield
Emerging markets are very dependent on the direction of the Treasury. The market has had very good success in not invading above the (10-year Treasury) 4.80 percent yield level which is a very difficult area for the U.S. Treasury market.
america coming currency domestic general healthy latin markets move profit stock taking
In general it's a healthy profit taking move for the EM market, and for the domestic markets in Latin America as the stock and currency markets are coming off.
america data either highly housing inflation latin market mercy positive rhetoric signals treasury weakness
The market place is at the mercy of the Fed, its rhetoric and of U.S. Treasuries, which are highly data dependent. Anything that signals weakness either in inflation or in housing will be positive for Latin America because it is going to weaken Treasury yields.
attention equity latin major market momentum moves pay remains treasury
The Latin American market is going to pay a lot of attention to moves in U.S. Treasury rates, while the US equity market remains a major momentum generator.