Emerging-market bonds down after Fed's interest rate cut

12/12/2007 | Bloomberg

Venezuela led losses in emerging-market bonds amid concerns that the Federal Reserve's quarter-point interest rate cut will not be enough to avoid a U.S. economic slowdown. "General risk sentiment has turned sour," said David Spegel, of ING Bank NV. "There had been some hope that there would be a 50-basis-point cut."

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