LatAm credit inches wider but remains well bid

April 10, 2015 3:06 PM

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NEW YORK, April 10 (IFR) - Spreads on Latin American credits were slightly wider on Friday after a strong week but the region remained well bid with investors looking for opportunities to put money to work.

"My sense is that dealers are short and they don't want the market to go up, but investors still have a lot of cash and they really need yields," said Rodrigo Covian, head of fixed-income at Bulltick in Miami.

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