IDFC – Corporate Bond Market Update (May-June 2014)

Geopolitical events in Ukraine and Iraq overshadowed most of other negative factors. The current insurgency in Iraq (which accounts for 4% of global oil production) led to a good run for oil in June – Both July Brent crude futures and WTI have seen approximately 4% gains over June, reaching 9 month highs. 2014 has also been a relatively benign year for gold, which has advanced ~7% this year as a result of ‘safe haven’ demand courtesy of Ukraine and Iraq. Despite geopolitical issues, EM Bond funds have witnessed 12 weeks of continuous inflows.

India_Corporate Bond Report

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