| 12/23/2004 | EM | Market Commentary: Lights off for emerging markets trading; prices lower
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| 12/22/2004 | EM | Market Commentary: Emerging market debt bounces along with U.S Treasuries; Brazil down
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| 12/21/2004 | EM | Market Commentary: Emerging market debt drifts as year-end approaches; Russian paper unfazed by mystery buyer
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| 12/20/2004 | EM | Market Commentary: Emerging market prices up in light trading; Russia's mystery buyer
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| 12/17/2004 | EM | Market Commentary: Emerging markets stronger but investors eye Russian developments; IDBI prices $250 million
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| 12/16/2004 | EM | Market Commentary: Emerging market debt lower on drop in jobless claims; inflows stand at $290 million for week
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| 12/15/2004 | EM | Market Commentary: Emerging market debt climbs as U.S Treasuries rally; Brazil's Central Bank hikes rates
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| 12/14/2004 | EM | Market Commentary: Emerging market debt up as Fed surprises no one; Brazil, Turkey and Peru up; Mexico down
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| 12/13/2004 | EM | Market Commentary: Emerging market debt tightens ahead of FOMC meeting; Lula's government dealt a blow
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| 12/10/2004 | EM | Market Commentary: Emerging market debt flat ahead of FOMC meeting; India's Vedanta prices
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| 12/9/2004 | EM | Market Commentary: First VimpelCom, now MegaFon get hit with tax bill; politics, Central Bank intervention in Brazil
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| 12/8/2004 | EM | Market Commentary: Emerging market debt falls behind U.S Treasuries; VimpelCom's tax bill upsets Russian paper
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| 12/7/2004 | EM | Market Commentary: Emerging market debt well bid; Brazil up on Lula's ratings; Colombia down again
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| 12/6/2004 | EM | Market Commentary: Emerging market debt trades in ranges; Colombia down on pension fears; Brazil's central bank steps in
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| 12/3/2004 | EM | Market Commentary: Emerging market debt up on lower-than-expected job numbers; Brazil reopens its 2014s
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| 12/2/2004 | EM | Market Commentary: Market softer ahead of jobs data; Brazil new issue rumor sparks sell-off; funds take in $131 million
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| 12/1/2004 | EM | Market Commentary: Brazil's, Russia's paper firmer; Russia's MegaFon tightens guidance
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| 11/30/2004 | EM | Market Commentary: Emerging market debt drifts lower as Treasuries drop; Venezuela and Brazil ride higher
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| 11/29/2004 | EM | Market Commentary: U.S Treasuries' nosedive, Ukraine jitters put investors on defensive; Venezuela's $250 million retap
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| 11/24/2004 | EM | Market Commentary: Brazil up on apparent misreading of headline; Standard Bank of India hits the road for $300 million deal
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| 11/23/2004 | EM | Market Commentary: Emerging market spreads narrow in subdued trading; Ukraine down on election crisis
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| 11/22/2004 | EM | Market Commentary: Thin volume day; Ukraine wider on election jitters; AES Chivor sets talk at 9 7/8% to 10%
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| 11/19/2004 | EM | Market Commentary: Greenspan's comments spark sell-off in emerging markets; rumors of Brazilian reais deal on Tuesday
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| 11/18/2004 | EM | Market Commentary: Emerging market debt softer on profit taking; Turkey sells $500 million add-on
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| 11/17/2004 | EM | Market Commentary: Emerging market debt up as U.S Treasuries rally; restructuring rumors help Argentina's debt
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| 11/16/2004 | EM | Market Commentary: Emerging market debt down on inflation worries, new supply; Panama sells upsized $600 million bonds
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| 11/15/2004 | EM | Market Commentary: Mexico taps market for €750 million 15-year bonds; emerging market debt static ahead of U.S data
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| 11/12/2004 | EM | Market Commentary: Emerging market paper up as Brazil flies high; funds take in $123 million; buying mood in the market
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| 11/11/2004 | EM | Market Commentary: Emerging market debt takes break; Asia trading in ranges
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| 11/10/2004 | EM | Market Commentary: Tight ranges for emerging market debt amid Fed move; Colombia's new issue scores in secondary
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| 11/9/2004 | EM | Market Commentary: Colombia prices $375 million equivalent five-year bonds; emerging market debt trades in tight range
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| 11/8/2004 | EM | Market Commentary: Emerging market debt weaker; Ecuador paper down on impeachment proceedings
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| 11/5/2004 | EM | Market Commentary: Emerging market paper slides on strong jobs numbers; Brazil takes a fall
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| 11/4/2004 | EM | Market Commentary: Emerging market debt rides high as investors eye Friday's job numbers; Latin America soars
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| 11/3/2004 | EM | Market Commentary: Emerging market debt higher on election closure; investors eye Friday's payroll numbers
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| 11/2/2004 | EM | Market Commentary: Emerging markets eyeing results of U.S. presidential election; reaction to Argentina's proposal
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| 11/1/2004 | EM | Market Commentary: Silence on primary, secondary fronts ahead of U.S elections; Argentina files exchange with SEC
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| 10/29/2004 | EM | Market Commentary: Emerging market debt slightly firmer in slow session; U.S. presidential elections calm activity
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| 10/28/2004 | EM | Market Commentary: Emerging market rebounds after China interest rate scare; funds lose $99 million
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| 10/27/2004 | EM | Market Commentary: Emerging market debt higher on lower oil prices; Intergas sells upsized $250 million notes
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| 10/26/2004 | EM | Market Commentary: Emerging market debt up as equities rally; Rosbank prices $225 million five-year eurobond at 93/4%
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| 10/25/2004 | EM | Market Commentary: Emerging market debt softer on profit taking; Brazil leads downturn; wait and see mode
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| 10/22/2004 | EM | Market Commentary: Emerging market debt lower after Friday morning's bullish run; Kazkommertsbank prices
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| 10/21/2004 | EM | Market Commentary: Emerging market debt rebounds; China prices $1.7 billion bonds in euros, dollars; Brazil back up
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| 10/20/2004 | EM | Market Commentary: Emerging market spreads wider; China tightens price talk
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| 10/19/2004 | EM | Market Commentary: Emerging market debt soft; Brazil down; China sets price talk for $1.7 billion equivalent bonds
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| 10/18/2004 | EM | Market Commentary: Emerging market debt muted Monday; Cosan prices $200 million notes due 2009
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| 10/15/2004 | EM | Market Commentary: Emerging market debt up after two-day slide; ADB prices $1 billion 10-year global bonds
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| 10/14/2004 | EM | Market Commentary: Tone in emerging markets sullied by soaring oil prices; funds lose $12 million
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| 10/13/2004 | EM | Market Commentary: Emerging market paper slides on profit taking, oil concerns; Brazil down
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| 10/12/2004 | EM | Market Commentary: Emerging markets up again on Friday's weak job numbers; Jamaica prices €150 million 10-year bonds
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| 10/8/2004 | EM | Market Commentary: Emerging markets rally on weak U.S. jobs data; Brazil 2040s score
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| 10/7/2004 | EM | Market Commentary: Emerging market paper dips as Treasuries decline; Brazil's new 15-year bond stays firm
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| 10/6/2004 | EM | Market Commentary: Emerging market paper down; Brazil surprises market with upsized $1 billion deal
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| 10/5/2004 | EM | Market Commentary: Emerging market debt down as investors await jobs data; Peru's €650 million deal talked at 71/2%-7 5/8%
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| 10/1/2004 | EM | Market Commentary: Emerging market debt falls with Treasuries drop; Argentina up on expectations of a juicier deal
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| 9/30/2004 | EM | Market Commentary: Emerging market debt holds up despite Treasuries decline; Turkey sells $1 billion; funds gain $2.2 million
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| 9/29/2004 | EM | Market Commentary: Venezuela, Guatemala price new deals; market slightly higher as investors weigh possible issuers
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| 9/28/2004 | EM | Market Commentary: Venezuelan paper scores on bond exchange; SEC seen giving Argentina the green light
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| 9/27/2004 | EM | Market Commentary: New supply, oil concerns weigh on emerging market debt; Philippines' non-deal roadshow
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| 9/24/2004 | EM | Market Commentary: Emerging market paper ends lower on profit-taking; Brazil 2040s hit; Mexico 2034s underperform
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| 9/23/2004 | EM | Market Commentary: Emerging market debt softer as Treasuries fall; new Mexico 30-year bonds slip in secondary
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| 9/22/2004 | EM | Market Commentary: Brazil reopens for €250 million; Venezuela launches Brady exchange; Mexico prices $1.5 billion
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| 9/21/2004 | EM | Market Commentary: Emerging market spreads tighten after rate hike; Pemex prices $1.75 billion perpetual; Turkey rebounds
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| 9/20/2004 | EM | Market Commentary: Brazil soars in wake of S&P upgrade Friday; Turkey down on EU worries
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| 9/17/2004 | EM | Market Commentary: Brazil bonds up again, 2040 hits 112; CSN, Norilsk Nickel price new deals
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| 9/16/2004 | EM | Market Commentary: Emerging market debt rallies on subdued CPI data; Korea prices $1 billion; $53.1 million fund inflows
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| 9/15/2004 | EM | Market Commentary: Brazil up on rate rise expectations, Selic increased after market close
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| 9/14/2004 | EM | Market Commentary: Emerging market debt higher; Brazil up; El Salvador prices $268 million
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| 9/13/2004 | EM | Market Commentary: Colombia, Telekom Malaysia bring deals; levels soft; investors eye Brazil's Copom meeting
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| 9/10/2004 | EM | Market Commentary: Turkey €600 million eurobond well received; emerging market debt softer; concerns over Selic rate hike
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| 9/9/2004 | EM | Market Commentary: Brazil softer despite Moody's upgrade; emerging market debt lower; new issues hit the road
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| 9/8/2004 | EM | Market Commentary: Brazil, Petrobras, Philippines come to market; Russian corporates in the pipeline
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| 9/7/2004 | EM | Market Commentary: Investors' love affair with Brazil continues; Petrobras sets price guidance
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| 9/3/2004 | EM | Market Commentary: Quiet trading ahead of Labor Day weekend; Bank Internasional Indonesia adds to pipeline
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| 9/2/2004 | EM | Market Commentary: Emerging market debt awaits Friday's job data; Brazil down with market despite good economic news
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| 9/1/2004 | EM | Market Commentary: Roadshows, pipeline additions point to busy month for new deals; thin trading ahead of jobs data
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| 8/31/2004 | EM | Market Commentary: Emerging market debt drifts lower on U.S. Treasuries' rally; Brazil's non-issue roadshow
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| 8/30/2004 | EM | Market Commentary: Brazil continues to gain on economic data; all eyes on Friday's job data
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| 8/27/2004 | EM | Market Commentary: Brazilian paper up on upgrades by Citigroup, Morgan Stanley; Russia down
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| 8/26/2004 | EM | Market Commentary: Emerging market paper softer on Brazil issuance rumors but central bank minutes prompt late rally
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| 8/25/2004 | EM | Market Commentary: Emerging market spreads wider; Chexim reopens 10-years; Venezuela lower despite S&P upgrade
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| 8/24/2004 | EM | Market Commentary: Emerging markets up; Philippines softer on President Arroya's comments; Brazil higher
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| 8/23/2004 | EM | Market Commentary: Emerging market paper softer as Treasuries slide; Telekom Malaysia plans $500 million notes
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| 8/20/2004 | EM | Market Commentary: Emerging market debt firmer; Brazil 2040 hits 105
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| 8/19/2004 | EM | Market Commentary: Emerging market debt inches higher; inflows at $43.5 million; Banco Votorantim to issue
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| 8/18/2004 | EM | Market Commentary: Emerging market debt bounces with Treasuries; LG-Caltex prices; Brazil up as Supreme Court votes
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| 8/17/2004 | EM | Market Commentary: Turkey up on S&P upgrade; United Overseas Bank prices; Venezuela underperforming despite calm
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| 8/16/2004 | EM | Market Commentary: Spreads tighter; LG-Caltex, United Overseas talk; Venezuela dips, bounces on Carter endorsement
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| 8/13/2004 | EM | Market Commentary: Emerging market debt outperforms as U.S. Treasuries gain; ICICI Bank prices
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| 8/12/2004 | EM | Market Commentary: August slumber in emerging markets; Brazil higher; ups and downs of Yukos
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| 8/10/2004 | EM | Market Commentary: Emerging market spreads tighten as Fed lifts rates 25 bps; Sino-Forest prices $300 million
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| 8/9/2004 | EM | Market Commentary: Emerging market debt spreads tighten ahead of Fed meeting; high crude prices push up oil credits
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| 8/6/2004 | EM | Market Commentary: Emerging market paper rallies on poor jobs data; investors worry about U.S. economic weakness
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| 8/5/2004 | EM | Market Commentary: Emerging market debt down; Brazil down on Meirelles resignation speculation; $69 million outflows
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| 8/4/2004 | EM | Market Commentary: Emerging market edges higher in thin trading; rumors of new Brazil sovereign deal
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| 8/3/2004 | EM | Market Commentary: Emerging market softer on external factors; investors eye Friday's U.S. job data
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| 8/2/2004 | EM | Market Commentary: Korea sovereign bookrunners emerge; Russia steady as Yukos developments seen positive
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| 7/30/2004 | EM | Market Commentary: Emerging markets debt gains with Treasuries; Magyar Telecom prices
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| 7/29/2004 | EM | Market Commentary: Emerging market debt up as market awaits Friday's GDP data; Brazil, Turkey, Russia gain; Ukraine prices
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| 7/28/2004 | EM | Market Commentary: Emerging market debt closes on a high note; Yukos woes boost oil credits
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| 7/27/2004 | EM | Market Commentary: Emerging markets outperform Treasuries on better volume; Philippines reopens, Russia's Evraz prices
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| 7/26/2004 | EM | Market Commentary: Emerging market debt softer on little liquidity; Evraz price talk
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| 7/23/2004 | EM | Market Commentary: Brazil dips on investigation of Central Bank president; Gazprom prices upsized deal
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| 7/22/2004 | EM | Market Commentary: Emerging market paper trades flat to higher; emerging market inflows at $2.2 million
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| 7/21/2004 | EM | Market Commentary: Greenspan foils emerging markets again; talk on oversubscribed Gazprom and Evraz
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| 7/20/2004 | EM | Market Commentary: Emerging market down on Greenspan's hawkish view; Gazprom two-times oversubscribed
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| 7/19/2004 | EM | Market Commentary: Emerging market trading flat; City of Ostrava prices; Russia's banking woes
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| 7/16/2004 | EM | Market Commentary: Friday's CPI numbers make it a "great day" for emerging markets; Vitro Envases, VTB price
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| 7/15/2004 | EM | Market Commentary: Emerging market trading slow ahead of Friday's CPI numbers; Hong Kong and PTT price
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| 7/14/2004 | EM | Market Commentary: Emerging market trade sluggish ahead of Friday's CPI numbers; PTT's bulging books
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| 7/13/2004 | EM | Market Commentary: Emerging market debt trades higher on rumored Brazil upgrade; oversubscribed KDB prices
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| 7/12/2004 | EM | Market Commentary: Emerging market debt rides higher as fears ease over Russia's bank run; Ukraine, Gazprom to issue
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| 7/9/2004 | EM | Market Commentary: Emerging market paper creeps higher; investors eye Russia's bank run
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| 7/8/2004 | EM | Market Commentary: Emerging market debt sluggish; funds see $12.6 million outflows; Brazil trades down
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| 7/7/2004 | EM | Market Commentary: Brazil prices $750 million global, Russia down on second coming of Aries, banking sector problems
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| 7/6/2004 | EM | Market Commentary: Emerging market debt crawls; VimpelCom sells add on in active primary; Brazil speculation
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| 7/2/2004 | EM | Market Commentary: Emerging markets stage impressive rally ahead of long weekend; Aries trades above par
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| 7/1/2004 | EM | Market Commentary: Very oversubscribed Aries prices; PDVSA asks for filing extension; emerging market paper trades higher
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| 6/30/2004 | EM | Market Commentary: Emerging market spreads tighten on Fed statement; risk to Brazil from pension case
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| 6/29/2004 | EM | Market Commentary: Emerging market debt up; Philippines taps 2014 bonds; Germany's debt repackage questioned
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| 6/28/2004 | EM | Market Commentary: Emerging market debt off ahead of Fed meeting; price talk on Aries
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| 6/25/2004 | EM | Market Commentary: Emerging market debt loses ground; Malaysia International Shipping prices upsized $1.1 billion
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| 6/24/2004 | EM | Market Commentary: Emerging market debt drifts higher; Turkey prices; funds see $114.9 million outflow
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| 6/23/2004 | EM | Market Commentary: Emerging market spreads tighten on Brazil's minimum wage victory, Southern Bank prices
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| 6/22/2004 | EM | Market Commentary: Emerging market paper down on profit taking; Brazil softer on Treasuries, dip in Lula's approval
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| 6/21/2004 | EM | Market Commentary: Upsized Brazilian sovereign issue gives lift to emerging markets
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| 6/18/2004 | EM | Market Commentary: Emerging market debt trades flat to lower; Brazil bonds instantly down on minimum wage defeat
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| 6/17/2004 | EM | Market Commentary: Emerging market debt gains in thin trading; Brazil up although rate news is no surprise
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| 6/16/2004 | EM | Market Commentary: Emerging market debt firmer; CVRD loses ground on acquisition talk
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| 6/15/2004 | EM | Market Commentary: Emerging market debt rides high on U.S. CPI numbers; "beyond a relief rally"
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| 6/14/2004 | EM | Market Commentary: Emerging market debt on edge ahead of Tuesday's CPI numbers; Czech Republic prices €1.5 billion
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| 6/10/2004 | EM | Market Commentary: Emerging market debt soft ahead of long weekend; $23.6 million in outflows; OCBC sells $500 million
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| 6/9/2004 | EM | Market Commentary: Emerging market debt retreats on U.S. Treasury decline; VimpelCom prices downsized offering
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| 6/8/2004 | EM | Market Commentary: Pemex prices oversubscribed $1.5 billion six-year notes; Peru gains after S&P ugprade
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| 6/7/2004 | EM | Market Commentary: Emerging market debt trades higher; Asian corporates add to pipeline
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| 6/4/2004 | EM | Market Commentary: Emerging market debt higher; no Russian eurobond issuance in 2004
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| 6/3/2004 | EM | Market Commentary: Emerging market debt edges higher, Argentina bonds down on opposition to exchange plan
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| 6/2/2004 | EM | Market Commentary: Emerging market debt trading quiet; Argentina flat, Ecuador rebounds
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| 6/1/2004 | EM | Market Commentary: Argentina soars ahead of new debt restructuring proposal; Brazilian corporates trade flat to higher
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| 5/28/2004 | EM | Market Commentary: Emerging market debt spreads tighter; Brazil and Turkey up
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| 5/27/2004 | EM | Market Commentary: Emerging market paper firms on Brazil's GDP figures; modest $69.9 million fund outflows
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| 5/26/2004 | EM | Market Commentary: JP Morgan note spurs sell off; Brazil's troubles generate market jitters
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| 5/25/2004 | EM | Market Commentary: South Africa sells $1 billion 10-years; emerging market debt trades higher
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| 5/24/2004 | EM | Market Commentary: Emerging market paper firmer; South Africa's $1 billion 10-year bonds well received
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| 5/21/2004 | EM | Market Commentary: Emerging market debt flat; outflows continue to bleed
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| 5/20/2004 | EM | Market Commentary: Brazil drags down emerging market debt; South Africa's deal preparations continue
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| 5/19/2004 | EM | Market Commentary: Emerging market spreads tighten on weak Treasuries; oil-fuelled gains may be over
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| 5/18/2004 | EM | Market Commentary: Emerging market debt inches higher; fund outflows hit new high
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| 5/17/2004 | EM | Market Commentary: Emerging market debt edges higher with Treasuries; Venezuela's up, Russia way up
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| 5/14/2004 | EM | Market Commentary: Emerging market paper firms as CPI numbers draw buyers, Venezuela and Ecuador up with oil
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| 5/13/2004 | EM | Market Commentary: Emerging market debt flat to lower as investors eye CPI data, Malaysian banks join pipeline
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| 5/12/2004 | EM | Market Commentary: Emerging market debt flat to lower after Tuesday's rebound; Lebanon prices
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| 5/11/2004 | EM | Market Commentary: Emerging market debt rebounds as bidders shop for bargains; Brazil bounces back
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| 5/10/2004 | EM | Market Commentary: Emerging market debt slumps for the third day; Kaltim Prima postpones
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| 5/7/2004 | EM | Market Commentary: Day two of emerging market debt bloodbath on Fed hike fears; Slovakia prices
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| 5/6/2004 | EM | Market Commentary: Emerging market debt tanks on Fed hike fears; off-the-run names, Colombia hit hardest
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| 5/5/2004 | EM | Market Commentary: Emerging market spreads tighten on short covering, Brazil recovers
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| 5/4/2004 | EM | Market Commentary: Emerging market debt mixed in trading, still searching for rates guidance
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| 5/3/2004 | EM | Market Commentary: Emerging market debt spreads widens; Investors shift into neutral
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| 4/30/2004 | EM | Market Commentary: VimpelCom, Gazprombank pull deals; relief rally for emerging markets
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| 4/29/2004 | EM | Market Commentary: Emerging market debt down; market liquidity blamed for sell-off
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| 4/28/2004 | EM | Market Commentary: Bloodshed for emerging market debt, Latin America and Russia see big sell off
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| 4/27/2004 | EM | Market Commentary: Philippines, Jamaica sell upsized sovereigns, Brazil down on interest rate worries
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| 4/26/2004 | EM | Market Commentary: Peru's $500 million 12-year notes troubles some investors; market awaits economic data
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| 4/23/2004 | EM | Market Commentary: Gazprom's $1.2 billion 30-year bond garners respect; Dominican Republic debt soars
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| 4/22/2004 | EM | Market Commentary: Emerging market debt rebounds across the spectrum; Russia's Gazprom stirs interest
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| 4/21/2004 | EM | Market Commentary: Emerging market debt spreads widen on rate hike unease; oversubscribed Hong Kong Land prices
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| 4/20/2004 | EM | Market Commentary: Emerging market debt weaker across the board; oversubscribed Kepco prices
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| 4/19/2004 | EM | Market Commentary: Emerging market debt waits for Greenspan to give rate hike pointer; Russia's VTB prices
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| 4/16/2004 | EM | Market Commentary: Emerging market debt rebounds on U.S. data; Venezuela sells $1 billion
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| 4/15/2004 | EM | Market Commentary: Brazilian debt slides; rising commodity prices seen lifting Latin America
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| 4/14/2004 | EM | Market Commentary: Emerging market debt hit hard by interest rate worries; Korea East-West Power prices
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| 4/13/2004 | EM | Market Commentary: Emerging market debt tightens in trading; investors in comfort zone
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| 4/12/2004 | EM | Market Commentary: Trading quiet as eyes on Brazil's central bank; issuance seen dipping in second quarter
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| 4/8/2004 | EM | Market Commentary: Emerging market trading non-existent, fund inflows hit by investor fears
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| 4/7/2004 | EM | Market Commentary: Emerging markets lower on rate hike fears; Venezuela to auction $1 billion floating-rate notes
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| 4/6/2004 | EM | Market Commentary: Brazilian debt surges late in day on interest rate hopes; IMF cautiously optimistic
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| 4/5/2004 | EM | Market Commentary: Emerging market debt weaker as Treasuries stumble as U.S. rates pose a threat
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| 4/2/2004 | EM | Market Commentary: Emerging market debt slides with Treasuries on surprisingly strong payrolls
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| 4/1/2004 | EM | Market Commentary: Emerging markets debt trades higher; Latin America wants looser IMF accounting rules
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| 3/31/2004 | EM | Market Commentary: Titan Petrochemical dead; Poland moves to the left
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| 3/30/2004 | EM | Market Commentary: Emerging market debt trades higher, Malaysia's Titan Petrochemicals restructures offering
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| 3/29/2004 | EM | Market Commentary: Emerging market debt held down by Treasury weakness; questions on Poland
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| 3/26/2004 | EM | Market Commentary: Approach of IADB meeting slows activity; Brazil keeps slipping on political noise
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| 3/25/2004 | EM | Market Commentary: Brazil's slide slows but worries remain; TuranAlem, Latvia price deals
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| 3/24/2004 | EM | Market Commentary: Trading still sluggish; Brazil loses on rumors of staff chief's departure; Bank Danamon prices
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| 3/23/2004 | EM | Market Commentary: Global worries sideline emerging market investors; Korea's SK Telecom prices
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| 3/22/2004 | EM | Market Commentary: Investors nervous over Middle East violence, Brazilian political pressures
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| 3/19/2004 | EM | Market Commentary: Brazil continues to gain on interest rate cut, expected soybean surplus a plus
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| 3/18/2004 | EM | Market Commentary: Brazil bonds rise on surprise rate cut; Hutchison finishes better despite mixed earnings picture
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| 3/17/2004 | EM | Market Commentary: Asia pipeline grows more; Brazil, Argentina firm on better view about risky assets
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| 3/16/2004 | EM | Market Commentary: Pipeline keeps growing; Fed's rate decision seen spelling good news for emerging markets
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| 3/15/2004 | EM | Market Commentary: Emerging markets still assessing impact of Spanish attacks; Russian deals coming
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| 3/12/2004 | EM | Market Commentary: Emerging markets mostly in neutral but Korea loses; AES Gener prices
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| 3/11/2004 | EM | Market Commentary: Brazil flat to weak but CPI report fails to show interest rate direction; primary market active
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| 3/10/2004 | EM | Market Commentary: Philippine $500 million sovereign seen well timed; warm feelings, questions on Argentina
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| 3/9/2004 | EM | Market Commentary: Argentina debt moves higher on IMF payment news; IBK prices $300 million deal
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| 3/8/2004 | EM | Market Commentary: Emerging markets keep climbing on Friday's Treasury rally; new issue environment seen favorable
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| 3/5/2004 | EM | Market Commentary: Treasury rally boosts emerging markets; Venezuela misses gains; long-planned deals surface
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