April 30 (Bloomberg) -- Developing nations sold more bonds this month than at any time since June, enticing international investors with record yields and insurance against losses. The $23.8 billion of debt sales in April brings the total for 2009 to $54 billion, 69 percent more than in the same period last year, according to data compiled by Bloomberg. The extra yield on emerging-market corporate bonds widened to 7.7 percentage points over U.S. Treasuries from about 4 percentage points in September, JpMorgan Chase & Co. indexes show. âI am truly amazed by the inflow of bonds,â said Ivan Ivanchenko, global head of research strategy in Moscow at the investment banking arm of VTB Group, Russiaâs second-largest bank. âIn this zero interest-rate world where money isnât yielding anything, people are obviously searching for something to see investments working.â Sukuk.net Wire External Story - Read full article here
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Source: Bloomberg
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