International bond sales in emerging markets are up 21 percent, to US$55 billion this month, the busiest start to a year since Bloomberg began tracking the data in 1999. Poland is marketing $2 billion of 2024 bonds today after the European Union’s largest eastern economy raised 2 billion euros ($2.7 billion) last week. Petroleo Brasileiro SA, Latin America’s largest oil producer, has sold the most debt among 108 issuers, with a $5.14 billion offering of euro- and pound-denominated securities.
U.S., Canada, and Mexico would promise to avoid devaluing their currencies for competitive purposes.
Future of the distribution rules is linked to the outcome of tax reform.
Bond market move could point to pending economic slump.
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