| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers P > Headlines for Petroleo Brasileiro SA > News item |
EM debt eyes constructive backdrop; Slovak Republic on calendar; Petrobras edges back up
By Rebecca Melvin
New York, June 4 – Emerging markets debt was feeling a little healthier on Monday, and the Slovak Republic joined the forward calendar for the Central & Emerging Europe region as the U.S. dollar edged lower and Treasuries slipped.
“The markets are more stable today and provide a constructive backdrop,” a London-based market source said of emerging markets debt.
The Slovak Republic plans to price a euro-denominated benchmark with a tenor talked at both 10 years and 50 years.
Petroleo Brasileiro SA’s bonds recouped about a point on Monday after losing 2 to 3 points on Friday after unexpected news that its chief executive officer resigned.
Petrobras 5¾% bond due 2029 printed late in the day at 88.8, which was up 1.5 points from 87.255 at the end of Friday. The improvement was on heavy volume.
The Petrobras 7 3/8% notes due 2027 also bounced back, trading late in the day on Monday at 101 and change, compared to about 99.8 at the end of Friday.
But Jordan’s notes were under pressure after Jordan’s prime minister Hani al-Mulki resigned on Monday amid protests over tax reform legislation and implementation of International Monetary Fund reforms.
Mexico’s bonds were also under pressure. The Mexico 4 1/8% notes due 2026 were down 0.4 point to 99.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.