Pronto incremento de tasas de la FED cobra más fuerza cada vez pero ritmo de venta de bonos emergentes contraresta devaluaciones.
The dollar strengthened overnight as the hitherto dovish Lael Brainard became the latest Federal Reserve official to suggest conditions may "soon" be propitious for raising rates. Options traders scrambling to price in a March increase exchanged a record volume of Fed futures contracts yesterday, while those expectations are also having impacts farther afield. See also: emerging-market borrowers, who are selling bonds at an unprecedented pace ahead of the anticipated hike. As of 4 a.m. Eastern Time, the Bloomberg Dollar Spot Index was gaining for a fifth day, up against every G-10 currency this week.
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