It is risk-on time for emerging markets. Last week’s sovereign bonds from Argentina and Russia confirm it. Both came from creditors not usually regarded as safe or secure, yet both were amply oversubscribed and both have traded strongly on secondary markets.
現在對于新興市場來說是追逐風險的時候。上周阿根廷和俄羅斯的主權債券證實了這一點。這兩種國債均由通常不被認為安全或可靠的國家發行，但卻均獲超額認購，且在二級市場表現強勁。
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