LatAm Assets Pressure Amid Surging US Yields and Dollar Strength
Latin American assets faced pressure on Thursday as soaring US Treasury yields propelled the dollar to over a year-high, causing investors to reduce exposure to risk-sensitive emerging markets.
Most Latin American assets weakened on Thursday as soaring Treasury yields lifted the dollar to its strongest level in more than a year, leading investors to reduce exposure to risk-sensitive emerging-market assets. The 10-year US Treasury yield was a benchmark for global borrowing costs.