Übersetzung für "Local currency bonds" in Deutsch

There are two types of EM local-currency corporate bonds: local and global local bonds.

Those investing in Argentinian assets cited the carry trade theme, relatively low volatility, and the entering of Argentinian local currency sovereign bonds into the JP Morgan Government Bond Indices as investment rationales.

Investment strategy The Bloomberg Barclays Global Government AAA-AA Capped Bond Index tracks local currency bonds issued by governments of developed countries worldwide.

Add to the above potential outflows from local-currency government bonds (70%-owned by foreigners) and the picture looks increasingly grim.

Robert McCauley, Chang Shu and Guonan Ma (BIS) document that turnover in NDFs has risen in recent years as foreign investors use them to hedge growing investments in local currency bonds.

INVESTMENT OBJECTIVE The Fund seeks to track the performance of an index composed of local currency bonds issued by governments of developed countries.

In local currency bonds, I believe the recent rally in US rates and fall in commodity prices warrants adding duration in some countries.

For example, we could argue that the current interest rate offered in local currency Brazilian bonds is attractive but that we hold a less positive view on the Brazilian real, therefore we can buy the underlying bonds and hedge out the risk of the currency.

There are also situations where currency is often the more liquid expression of the underlying market as in the case of India, where investing in the local currency bonds is a complex and drawn out process.

Moreover, the EIB should be encouraged to provide loans in local currencies and issue bonds in local markets, provided that partner countries put in place the necessary structural reforms, in particular in the financial sector, as well as other measures to facilitate EIB activities.

Local-currency bond markets could help to develop domestic investor bases and mobilize domestic savings to support long-term investments.

The government put a strong focus on the management of the balance of payments, at first by setting the real at a very high value relative to the U.S. dollar, and later (in late 1998) by a sharp increase on domestic interest rates to maintain a positive influx of foreign capitals to local currency bond markets, financing Brazilian expenditures.

It also reflects increasingly liquid local-currency bond markets and investors’ confidence in those markets.

While Flooring Systems grew by a pleasant 6.1% and Movement Systems by 6.9% in local currencies, Bonding Systems reported a decline of 7.6%.

This means that the currency risk – as opposed to corporate credit risk – is one of the primary drivers of volatility whilst liquidity is poorer than the very liquid EM local-currency sovereign bond universe.

EM local currency yields are also offering an unspectacular yield pick up over US treasuries, but here you have to contend with a lot of EM currencies with arguably shaky valuations, and you additionally face the risk of some countries being forced to run pro-cyclical monetary policy (i.e. EM central banks hiking rates in the face of weakening domestic demand in order to prevent a disorderly FX sell-off, the result of which sees local currency bond yields rising, as seen recently in Brazil, India, Indonesia).