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Author: tipiper Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35272  
Subject: Re: question about dollar-denominated bonds Date: 7/6/2010 8:42 PM
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http://www.marketwatch.com/investing/index/DXY/charts?countr...

you could use a chart to see where EMB has been in relation to the US dollar. I used DXY in the link. Change to PYC on top of DXY and you get pretty much the same response. I understand that DXY is not an emerging market currency basket, so likely you could find a better proxy.

still, the chart seems to say these things mirror the US dollar.

For years before the flashcrash, EMB tracked the ups and downs of the S&P500. However, since the flashcrash, EMB has held, while the S&P has dropped.
http://finance.yahoo.com/echarts?s=EMB+Interactive#chart19:s...

interesting way to play the emerging markets debt, thanks for bringing it up.

anyone interested in this, to me, a most confusing subject, might enjoy this free pub from the old UBS called "Foreign Exchange and Money Market Transactions".

http://www.ibb.ubs.com/Individuals/files/brochure/booken.pdf... this link does not load correctly, or at least not for me.

this link does load correctly: http://www.docstoc.com/docs/977787/Copy-(2)-of-foreign-excha...


Ti (short the euro and the S&P just now but mostly in <4yr USTs via Hussman's managed sortofabond fund HSTRX)
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