{"id":557476,"date":"2021-09-20T04:00:56","date_gmt":"2021-09-20T04:00:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/companies-governments-are-rushing-to-issue-debt-before-the-fed-taper\/"},"modified":"2021-09-20T04:00:56","modified_gmt":"2021-09-20T04:00:56","slug":"companies-governments-are-rushing-to-issue-debt-before-the-fed-taper","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/companies-governments-are-rushing-to-issue-debt-before-the-fed-taper\/","title":{"rendered":"Companies + governments are rushing to issue debt before the Fed taper"},"content":{"rendered":"

<\/a> Companies + governments are rushing to issue debt before the Fed taper: <\/strong>The past week saw a spike in USD- and EUR-denominated bond issuances in emerging markets, as anticipation builds that the Federal Reserve could announce a timeline for tapering its covid stimulus programme when it meets this week, Bloomberg<\/a> reports. Concerned about an imminent rise in US rates, governments and companies in EMs have looked to capitalize on the current low-rate environment, selling some USD 36 bn of bonds last week \u2014 almost a third of the volume issued over the previous 10 weeks combined.<\/p>\n

\u201cIt is going to pick up pretty fast from now and the fourth quarter will be high,\u201d<\/strong> said a London-based analyst at Vanguard Asset Management. \u201cMany countries have yet to complete their funding and some will pre-finance next year, especially before Fed tapering.\u201d<\/p>\n

The majority of economists are expecting the Fed to curtail its bond-buying programme before the end of the year:<\/strong> More than 70% of economists recently surveyed by the Financial Times<\/a> expect an announcement either in November or December, while 60% of economists polled by Reuters<\/a> see the first move coming in December.<\/p>\n

Also worth noting this morning:<\/strong><\/p>\n