The trading volume for debts from emerging markets declined by 12% in the first quarter of 2013 compared to the previous year. Much of the decline was associated with the decrease in activity in Latin American markets according to a trade association's statement last Thursday.
In the first quarter, the trade of emerging market's local currency and hard currency denominated debt was pegged at US$1.399 trillion according to the trade association for the emerging markets, EMTA. The total volumes were down for the yearly period, with trading activity rose by 10% from the end of the fourth quarter in 2012.
Latin America had showed the largest year on year decline for the year ending March 31, with a drop of 21% in trading volume. The first quarter though showed that volumes had increased by 10% as against the fourth period in the previous year.
On another part of the world, Middle East debt instruments had a 17% increase in the turnover over the year, but also registered 21% increase in the first quarter of 2013 compared to the fourth quarter of 2012.
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