Fund giant says EM local bonds, among other diversification options, will provide stronger portfolio protection as unusual positive correlation raises questions. In their Charting Perspectives feature this week, Pimco  has tracked the growing positive correlation between the US Dollar and US equities volatility, "a potential sign of diminished safe-haven appeal without a corresponding gain in risk-on support," the firm said in a note. Managing Director Pramol Dhawan put the h

The Central Asian frontier has been upgraded by S&P and Moody's, scoring a long-term sovereign BB from the former for the first time in nearly two decades, up from B+ just a month ago. The boosts come at an interesting moment for Mongolia, following the June ousting of one prime minister after political unrest, and the temporary removal - and subsequent reinstatement - of his successor. And boosts here are notably plural: S&P only last month upgraded Mongolia to BB- and has n

Consensus emerging around "imminent and inevitable" regime change augurs significant investment impact.

Platform provides new avenue to institutional trading just as Kingdom's debt appetite ramps up.