It is risk-on time for emerging markets. Last week’s sovereign bonds from Argentina and Russia confirm it. Both came from creditors not usually regarded as safe or secure, yet both were amply oversubscribed and both have traded strongly on secondary markets.
现在对于新兴市场来说是追逐风险的时候。上周阿根廷和俄罗斯的主权债券证实了这一点。这两种国债均由通常不被认为安全或可靠的国家发行，但却均获超额认购，且在二级市场表现强劲。
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