Wednesday May 10 2000
Emerging markets debt prices dropped sharply Wednesday, led by Argentina, whose fiscal deficit reading for April was disappointing at US$630 million. The target for Q2 is a US$660 million deficit, which will be very difficult to meet.
Tuesday May 9 2000
Emerging markets debt prices remained mostly unchanged Tuesday as liquidity continued to dry up ahead of next week's FOMC meeting. After getting hit with paper from accounts last week, dealers are still anxious to sell into strength.
Wednesday, May 3 2000
The Fed's Beige Book highlighted the inflationary pressures that appear to be intensifying, including labor tightness and consumer demand.
