defaulted, for example, compared with a rate of 9.62 per cent in the US, according to Standard & Poor’s, the rating agency."
beaten the average hedge fund. Last month repeated the pattern: hedge funds fell 1.3 per cent, according to the HFRI Composite index, while the simple portfolio rose a
The Short View (James Mackintosh) on credit spreads between emerging markets and developed countries, June 7"There are plenty of other emerging markets trading even more like developed countries. Credit default swaps from copper-rich Chile suggest it is as unlikely to
default as France. Panama and Malaysia rank with Japan. Belgium is seen as more likely to default than Mexico or Colombia. Brazil’s 10-year bonds yield just 1.2 percentage points more than the US."