NEW YORK--([ BUSINESS WIRE ])--Citi (NYSE:C) today announced the expansion of its sovereign bond market coverage to include the Czech Republic, Hungary, Turkey, Israel, South Africa, Brazil, Chile, Colombia, and Peru.The growing appetite for sovereign bond market benchmarks makes these local currency government bond indexes an important addition to the family of Citigroup fixed income indexes.
With the introduction of these sovereign bond markets, we are launching two regional government bond indexes: the Central and Eastern Europe, Middle East and Africa (CEEMEA) Government Bond Index and the Latin American (LATAM) Government Bond Index.
aMany of our customers have existing exposures to various sovereign bond markets and many others are thinking about establishing a position. For both of these groups, we want to provide a large family of sovereign benchmarks to help our customers better assess risk and potential opportunity. With the addition of the nine new indexes we are introducing today, we now have benchmarks for 41 individual countries as well as a wide variety of regional composite indexes. Also, by having a large family of benchmarks, we are better able to offer custom solutions for investors.a said Thomas Klaffky, Managing Director at Citi.
Please see the enclosed documents for more detail.
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