◆ Issuers reconsider plans after bonds plunge ◆ Argentina, Brazil and the bond market ◆ Anticipating El Niño's impact on credit
Bond markets stumbled on Thursday, throwing into doubt issuers' plans for the weeks ahead. We examine what is happening and how it will affect he primary bond market in the weeks to come.
Meanwhile, in the run-up to the IMF/World Bank Annual Meetings in Bangkok later this month, we looked at how the political situation in Argentina and Brazil are developing, what it means for their economies and how it might affect their bond market access.
Brazil has an imminent presidential election. The winner — either the incumbent Luiz Inácio Lula da Silva, or right-wing challenger Flávio Bolsonaro — faces the task of tackling the country's budget deficit. We discuss what investors have told us about their views on the possible outcomes.
There is no imminent election in Argentina, however, where president Javier Milei has been invoking economic reforms. Are the reforms going to be enough to hearld the return of one market's most notorious defaulters back to bond issuance?
Finally, we discuss the impact of El Niño. The weather phenomenon, which forms over the Pacific Ocean, can have far reaching consequences for the rest of the planet, and that may have ramifications for the bond market.
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