Emerging Market Wrap-Up, 4th January 2007

EM-RUN

Latam US$ NY Close

Argentina

Bond Desc BID ASK BidYld AskYld Duration
-------------------------------------------------------------
ArgDis USD* 110.850 111.350 7.42 7.38 12.63
ArgPar USD* 56.000 56.500 6.26 6.21 17.43
ArgDis Eur* 106.000 106.500 7.34 7.30 12.77
ArgPar Eur* 46.500 47.000 6.96 6.90 17.14
ArgDis ARS/$ 49.500 49.900 5.37 5.32 14.44
ArgPar ARS/$ 19.600 19.800 5.07 5.02 20.96
Arg BonarV 101.200 101.700 7.20 7.06 3.66
Arg BonarVII 99.000 99.500 7.63 7.53 5.30
ArgBod12 73.100 73.350 6.94 6.81 2.69
ArgBod13 77.500 78.000 7.31 7.08 2.94
ArgBod15 96.000 96.500 7.94 7.85 6.48


Pre08 51.750 52.000 -0.20 -0.51 1.52
Pro12 58.650 59.150 2.55 2.35 4.20
ArgBogar18 49.750 50.250 4.24 4.06 5.90
ArgBod14 36.900 37.400 3.85 3.60 5.58

GDP Wrts ARS 3.950 4.050
GDP Wrts USD 13.900 14.100
GDP Wrts EUR 13.500 13.700
*Clean prices.

Latam in EURO

Asset BidPx AskPx BidYld AskYld GvBidSp GvAskSp ChgBp ModDur $Spd
$Spd
--------------------------------------------------------------------------------
S ARGDIS E 106.80 107.25 7.20% 7.16% 312 308 -14 10.77 89
B ARGPAR E 46.45 46.90 6.97% 6.91% 289 284 -20 16.59 183
S ARGWTS E 13.50 13.75 7.17% 7.10% 717 710 -12 27.01 0


als referenz:
b Brz 10.125 27 141.10 141.85 6.46 6.41 170 165 -3 116

als neue herausforderung:
Ecuador

B/S ASSET BID ASK BidYld AskYld BidSpd AskSpd SpdChg AskZSpd
--------------------------------------------------------------------------------
Ecua 12.00 12 80.50 81.50 86.45 81.59 8178 7692 -536 7747
Ecua 9.375 15 80.75 81.75 13.09 12.87 842 820 -47 775
Ecua 9.00 30 77.50 78.50 13.10 12.93 828 811 -55 770