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December 21, 2017

Best 15 Markets Yesterday

CountryChangePct
ESTONIA4.74
PAKISTAN2.88
TRINIDAD AND TOBAGO2.42
MAURITIUS2.28
TUNISIA1.47
CZECH REPUBLIC1.38
BRAZIL1.31
COLOMBIA1.22
JAMAICA1.21
ARGENTINA1.20
GREECE1.12
ROMANIA1.08
EGYPT1.03
PERU0.91
HUNGARY0.87

Worst 15 Markets Yesterday

CountryChangePct
ZIMBABWE-1.80
INDONESIA-1.26
CHILE-1.02
PORTUGAL-0.60
SWITZERLAND-0.60
RUSSIA-0.49
BOTSWANA-0.49
GERMANY-0.46
BANGLADESH-0.42
MOROCCO-0.40
QATAR-0.37
NETHERLANDS-0.34
NORWAY-0.34
UKRAINE-0.34
CHINA-0.32

Best 10 Markets YTD

CountryChangePct
ZIMBABWE148.04
ARGENTINA78.01
JAMAICA73.02
KAZAKHSTAN68.76
VIETNAM55.00
AUSTRIA53.83
POLAND49.53
CHINA48.07
KOREA43.82
CHILE37.60

Worst 10 Markets YTD

CountryChangePct
PAKISTAN-31.93
OMAN-15.48
QATAR-14.01
LEBANON-9.36
BOTSWANA-8.15
ISRAEL-3.21
RUSSIA-1.65
UNITED ARAB EMIRATES-1.29
SRI LANKA-1.02
EGYPT-0.17

Best 10 Markets Last 12 months

CountryChangePct
ZIMBABWE146.92
ARGENTINA87.89
JAMAICA79.05
KAZAKHSTAN66.13
VIETNAM57.32
AUSTRIA53.55
POLAND52.22
CHINA50.06
KOREA40.99
ESTONIA40.07

Worst 10 Markets Last 12 months

CountryChangePct
PAKISTAN-31.29
OMAN-14.30
QATAR-13.55
LEBANON-10.76
BOTSWANA-3.60
ISRAEL-2.57
UNITED ARAB EMIRATES-1.37
SRI LANKA-1.20
RUSSIA-0.90
UKRAINE2.72

Country Average Sovereign+Corporate USD Yields Ordered By YTD Yield Change

countryYieldYieldChange
Venezuela49.8426.13
Canada9.461.89
Israel5.180.98
Lebanon7.200.31
France6.350.08
United States5.720.03
Oman4.930.00
Qatar3.60-0.03
Bahrain5.72-0.07
Korea (South)3.92-0.10
China4.06-0.18
Pakistan5.64-0.27
Philippines3.26-0.35
Netherlands4.29-0.38
Thailand3.02-0.45
South Africa4.97-0.50
Germany3.79-0.55
Lithuania2.40-0.62
Chile4.51-0.62
Jordan5.63-0.62
Peru3.58-0.65
United Arab Emirates3.96-0.66
United Kingdom4.72-0.67
Guatemala4.22-0.68
Russian Federation3.88-0.69
Poland2.66-0.75
Morocco3.67-0.77
Malaysia3.42-0.79
Hungary3.06-0.80
Panama3.57-0.82
Colombia4.33-0.86
Romania3.31-0.88
Indonesia3.81-0.88
Trinidad and Tobago4.53-0.88
Azerbaijan4.77-0.89
Mexico4.33-0.97
Turkey5.06-0.99
Brazil5.43-1.02
India3.99-1.02
Costa Rica5.95-1.03
Croatia (Hrvatska)3.16-1.06
Cote D'Ivoire (Ivory Coast)5.51-1.15
Uruguay3.67-1.18
Vietnam3.53-1.28
Serbia3.15-1.33
Dominican Republic4.84-1.46
El Salvador6.35-1.56
Kazakhstan4.16-1.57
Luxembourg9.68-1.60
Sri Lanka4.79-1.70
Egypt4.72-1.77
Jamaica6.78-1.97
Argentina5.78-2.10
Ukraine6.53-2.17
Ghana6.06-2.28
Ecuador6.10-2.52

Chart: Chile Presidential Election Results Push Markets Higher

Chilean equity market rises 15% as Sebastian Piñera elected president (read more on Chilean Macro)

Source: ML

Download file in Power Point
  • Conservative Sebastian Pinera wins Chile's election
  • Conservative Billionaire Wins Chile's Election, But A New Left ...
  • The Return of Chile's Left
  • Bitcoin and Brexit Eclipsed as Emerging-Market Votes Grab Stage
  • Chile: From Repression to Remembrance
  • Chile's political system shaken by rise of new anti-neoliberal left
  • Stocks close little changed as Congress passes tax bill
  • Forget stocks, it's the bond market that could feel US tax cuts
  • A Wild & Crazy Guide To Emerging Markets
  • Emerging Markets Don't Control Their Own Destiny
  • China stocks down as bank liquidity tightens
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  • Investors take profits on European equities funds as bullish year ...
  • European stocks set for a winning 2017, but euro's rise was a ...
  • The Dire Consequences Of An Oil Price Spike
  • Oil Prices Rise After Strong Crude Inventory Draw
  • EU Steel Price Revival Expected in Early 2018
  • Chinese steel prices should come down from present levels: Alistair ...
  • Gold Price Link to US Rates Weakest Since Mid-2015 as Bond ...
  • Goldman: Gold Prices To Fall Into Mid-2018, Rally Into 2020

    Best since the start of the week among various stock markets were CHILE +7.10%, SOUTH AFRICA +6.98%, PERU +6.64%, ESTONIA +4.99%, AUSTRIA +4.85%, ROMANIA +4.62%, MAURITIUS +4.30%, QATAR +4.27%, VIETNAM +3.68%, GREECE +3.40%,

    While worst since the start of the week among various stock markets were ZIMBABWE -5.18%, RUSSIA -1.60%, KENYA -1.35%, BANGLADESH -1.17%, EGYPT -1.02%, MOROCCO -0.87%, SRI LANKA -0.68%, INDONESIA -0.67%, JORDAN -0.39%, KUWAIT -0.29%,

    News

    Chose Your Country

    Best 10 Market Since the begining of the week


    CHILE 7.10%

  • macro strategy bonds quick news
  • Chilean Presidential Candidates Face-off Before Next Round
  • Chile: From Repression to Remembrance
  • House Hunting in … Chile
  • Copper Won't Lead Chile's Investment Recovery
  • World Bank Opens Office in Chile, Capping 72 Years of Partnership
  • Elections in Chile: The return of the right
  • Chile 2018 budget proposal allows for $8.5 bln in debt -document
  • Did Sociedad Química y Minera de Chile SA (NYSE:SQM) Create ...

    Econ events
    momenteventForecastConsensus
    2017-12-22PPI YoY NOV13.50%

    SOUTH AFRICA 6.98%

  • macro strategy bonds quick news
  • Jacob Zuma, South Africa's president, suffers double court blow
  • New Zealand to close South African immigration office
  • High-Stakes Play As South Africa Looks Beyond Zuma
  • Op-Ed: The good, The Bad and The Very Ugly – an economic review ...
  • Jacob Zuma and the Theft of South Africa
  • The big reason why South Africa's economy grew 2% in the last ...
  • South Africa: National Treasury On Local Government Revenue and ...
  • S&P Cuts South Africa Debt Rating, Moody's Issues Warning

    PERU 6.64%

  • macro strategy bonds quick news
  • Peru's president is in trouble over Odebrecht payments
  • Peru's prime minister skeptical about bill to expand anti-graft rules
  • Reporters Notebook: Education in Peru
  • Peru Investment Roadshow in London as Growth Boosts Confidence
  • PERU: Red de Casas Don Bosco and Don Bosco Foundation ...
  • Peru's exports growth rate, the highest in the continent
  • Small tax increase expected for Peru homeowners
  • Peru authorizes state-run oil firm to issue up to $2 billion in bonds

    ESTONIA 4.99%

  • macro bonds quick news
  • Former Estonian president Ilves to receive World Leader in ...
  • Prime Minister of Estonia to celebrate Chanukah at EJCC
  • Estonian economic growth slows down to 4.2% y/y in Q3
  • S&P affirms Estonia's AA- rating with stable outlook
  • Estonia, the Digital Republic
  • SEB: Nordic Outlook: The world economic situation is improving ...
  • Estonia passes 2017 record level budget spending to bolster defense
  • NATO Chief: US Allies to Spend $12 Billion More This Year

    AUSTRIA 4.85%

  • macro strategy bonds quick news
  • Pope Francis meets with President of Austria, Alexander Van der ...
  • Austrian far-right leader sympathetic to Israel on Jerusalem recognition
  • Austria's economic growth momentum continues through Q3: institute
  • Austria's economic growth momentum continues through Q3: institute
  • Europe's Growing Muslim Population
  • Austria aims to boost wine exports
  • Austrian central bank cuts GDP growth forecasts for 2016, 2017
  • Austria tests new waters by marketing 100-year bond

    Econ events
    momenteventForecastConsensus
    2017-12-22Current Account Q3? 817.8M
    2017-12-22Industrial Production YoY OCT4.55%

    ROMANIA 4.62%

  • macro strategy bonds quick news
  • Armenian President holds farewell meeting with Ambassador of ...
  • Romania: Applause greets ex-king's coffin at Royal Palace
  • Erste raises Romania 2017 growth fcast, sees gradual rate hike in ...
  • China-Topping Growth Sparks Troubling Flashback in Romania
  • INS: Negative population growth recorded in Romania, in October
  • Romania's exports and imports accelerate in March to new record ...
  • Romania's Jan-Oct budget gap widens
  • Romania sells planned 400 mln lei of Oct. 2020 treasury bonds

    MAURITIUS 4.30%

  • macro bonds quick news
  • Mauritius: Mr Yandraduth Googoolye Appointed Governor of Bank of ...
  • Mauritius: Bangladeshi High Commissioner Bids Farewell to Prime ...
  • IMF Executive Board Concludes 2017 Article IV Consultation with ...
  • More than just beaches and sunshine, Mauritius is investment ...
  • Africa: Building a two-way street
  • Mauritius: Faltering Exports to Widen Current Account Deficit
  • Cabinet approves for publication and introduction in Parliament the ...
  • IMF Executive Board Concludes 2017 Article IV Consultation with ...

    QATAR 4.27%

  • macro strategy bonds quick news
  • Turkey's President Erdogan meets Qatar's Emir
  • Sheikha Moza, Prime Minister attend QF event
  • Qatar | Economy Resilient Despite Blockade
  • Qatar to deepen venture capital financing for SMEs
  • Innovation strategies key to seize Qatar's energy sector potential
  • Qatar import growth turns positive as sanctions impact fades
  • Qatar budget to increase higher capital spending in 2018
  • Qatar debt burden 'still low' on global comparison, says BMI

    VIETNAM 3.68%

  • macro strategy bonds quick news
  • Moroccan President of House of Representatives to visit Vietnam
  • Prime Minister meets representatives of Japan Business Federation
  • Productivity key to escaping mid-income trap
  • ADB lifts growth prospect of VN to 6.7%
  • Green-growth plans in North lacks lustre
  • Vietnam's Largest IT Company Touts Free Trade for Growth
  • State budget reform will be a testing process: economist
  • Vietnam's nascent debt markets set for bigger deals

    GREECE 3.40%

  • macro strategy bonds quick news
  • FM Nalbandian meets with President of Greece in Athens
  • Greece: Clashes near PM's office over bailout labor reforms
  • Greece sees primary surplus at 3.82 percent, GDP growth 2.5 ...
  • The Three Investments that Could Change Greece's Fate
  • Europe's Growing Muslim Population
  • Greek government allocates €1 billion for the poor
  • Exclusive: Greece to overshoot budget surplus targets in 2017, 2018 ...
  • IMF's Lagarde says restructuring Greece's debt essential

    Worst 10 Market Since Begining of the Week


    ZIMBABWE -5.18%

  • macro bonds quick news
  • Did the artist Kudzanai Chiurai foresee the fall of Zimbabwe's ...
  • Graceless: Women warned off politics in Zimbabwe
  • How Zimbabwe's economy has collapsed under Mugabe
  • How Zimbabwe's economy has collapsed under Mugabe
  • Zimbabwe: 10 numbers that will help you understand what's actually ...
  • GLOBAL COMMENT: China factor in Kenya, Zimbabwe
  • Zimbabwe: An Analysis of 2018 Budget - a Mineral Resource ...
  • Afreximbank pledges up to $1.5 billion to post-Mugabe Zimbabwe

    RUSSIA -1.60%

  • macro strategy bonds quick news
  • Vladimir Putin 4.0 — Russia's wartime president
  • Russia's defense minister has been showing up in unexpected ...
  • Russian Economic Growth Slides, Structural Issues Loom Large
  • Putinomics Loses Its Power in Russia
  • Shinzo Abe said it, did his peers hear?
  • Russia's exports in three quarters of 2017 up to $255 bln — PM ...
  • Russia's budget revenue up by 19.1 pct in Jan-Oct
  • US Tightens Russia-Debt Sanctions

    Econ events
    momenteventForecastConsensus
    2017-12-26Business Confidence DEC-2
    2017-12-27Corporate Profits OCTRUB 8.5T
    2017-12-28GDP YoY NOV2.20%

    Ex Div Stocks Today:
    CompanyCountrySectorReported
    LUKOIL PJSCRUSSIAEnergy12/21/2017
    Magnit PJSCRUSSIAConsumer Staples12/21/2017

    KENYA -1.35%

  • macro bonds quick news
  • President renews calls for Buy Kenya, Build Kenya
  • Intrigues of Kenya's first Independence Day
  • Kenya's economic growth in question as World Bank, IMF ...
  • Kenya eyes Chinese investments to hasten industrial growth
  • Government urges population control in Kenya
  • Kenya: Exports to Top Kenyan Tea Markets Drop 15%
  • Henry Rotich unveils Kenya's Sh2.6 trillion Budget
  • IMF cautions over Kenya debt vulnerability

    BANGLADESH -1.17%

  • macro bonds quick news
  • President seeks rock solid OIC stance on Jerusalem issue
  • Hasina urges French to invest in Bangladesh
  • Bangladesh's economic growth hits record 7.28% in FY17
  • Hasina urges French to invest in Bangladesh
  • The ticking population bomb
  • UPDATE 2-Bangladesh November exports up 6.2 pct y/y, lifted by ...
  • Tax revenue has doubled in the past 10 years, says SARS
  • Emergence of South Asia as the fastest growing region is a major ...

    EGYPT -1.02%

  • macro strategy bonds quick news
  • Supporters of Egypt presidential hopeful arrested, say security ...
  • Supporters of Egypt presidential hopeful arrested, say security ...
  • Egypt's economic growth will be better in 2018: WB Vice President
  • Gulf Capital closes 3 new growth capital transactions in Egypt, Africa ...
  • UN expects Egyptian population to reach 200 million by 2100
  • Egypt – The Potential Hub for Exports
  • Egypt's budget deficit records 2% in Q1 FY 2017/2018
  • Egypt's debt up to LE 3.7 trillion: finance minister

    Econ events
    momenteventForecastConsensus
    2017-12-28Overnight Lending Rate19.75%
    2017-12-28Interest Rate Decision18.75%

    MOROCCO -0.87%

  • macro bonds quick news
  • Tens of thousands rally in Morocco against US Jerusalem move
  • Can Morocco's New Prime Minister End the Country's Deadlock?
  • Islamic finance plays larger role in sustaining economic growth
  • Morocco's Market Most Attractive in Africa: French Observatory
  • Here Are the Three Steps Morocco Is Taking to Join ECOWAS
  • Morocco continues to expand its aviation industry
  • Morocco to Host 2018 Africities Summit
  • Qatar Offers Visa-Free Entrance to 80 Countries, Morocco Not ...

    SRI LANKA -0.68%

  • macro bonds quick news
  • GMOA urges President not to implement Cabinet proposal
  • Malaysian Prime Minister to visit Sri Lanka on December 17
  • SL drops 14 places: WEF GCI report
  • Sri Lanka ICTA Welcomes MOQdigital to Colombo
  • Aging to impact Sri Lanka productivity growth
  • SL drops 14 places: WEF GCI report
  • Sri Lanka approves 2018 budget, aims for more investment
  • Why India is buying the world's emptiest airport

    INDONESIA -0.67%

  • macro strategy bonds quick news
  • Uber doubles down on Indonesia after hiring its first country president
  • Danish Prime Minister Gives Indonesia's President The Most Metal ...
  • Bank Indonesia Decision Guide: On Hold for Now, But 2018 Is Open
  • Jokowi says his reforms are a success with growth above 5%
  • Indonesia's middle class vital for the country's future
  • Indonesia official says Boeing should set up shop in country
  • Indonesia Needs Higher Revenue to Win a Moody's Upgrade
  • Indonesia Needs Higher Revenue to Win a Moody's Upgrade

    JORDAN -0.39%

  • macro bonds quick news
  • Thank you President Trump
  • King meets Malaysian, Pakistani prime ministers in Istanbul
  • Making the case for trade in Jordan
  • Making the case for trade in Jordan
  • Making the case for trade in Jordan
  • Making the case for trade in Jordan
  • 2018 National Budget “disastrous”; tax amnesty smacks of a deal ...
  • Jordan: Debt ceiling deal didn't address $20 trillion debt

    KUWAIT -0.29%

  • macro strategy bonds quick news
  • Islamic leaders urge recognizing Jerusalem as 'Palestine's capital'
  • Major challenges ahead for new cabinet: Prime Minister
  • Iran eyes major economic growth next year
  • Government Economic Reform Spurs Investments to Drive Kuwait ...
  • LS HongQi seals $53m Kuwait cable supply deal
  • Kuwait budget may project a hypothetical deficit of KD 5bn
  • Kuwait budget may project a hypothetical deficit of KD 5bn
  • KFH turns into a success icon in Islamic banking over 4 decades

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