Bonds slid across the emerging world, with Turkish 10-year yields climbing the most since July and those on similar Brazilian debt rising 21 basis points. "It all revolves around what's happening in developed-market central banks," said Neil Shearing, the chief emerging-markets economist for Capital Economics in New York. If US rates go up, that sets a benchmark for global borrowing costs, and shifts flows out of risky assets. Moody's Investors Service refrained from reviewing the nation's credit rating on Friday.The Kospi Index dropped 1.3 per cent in South Korea, the most since July 6. The Colombian peso lost 2.6 per cent and the rand decreased for a third day.The premium investors demand to own developing-market bonds over US Treasuries increased five basis points to 329.Turkey's 10-year yield increased 19 basis points to 9.76 per cent.

Source: Economic Times September 11, 2016 09:45 UTC