Markets
Currency Volatility in Emerging Markets Eases
Short-term volatility measures fell across the group as dollar moves settled.
Short-term volatility measures fell across the group as dollar moves settled.
Deal flow in the asset class has grown steadily as borrowers seek flexible structures outside the syndicated loan market.
Concentration in the leading index contributors has reached its highest level in several years.
Volatility is low, but the distribution around current rates is unusually tight, which leaves little room for surprises.