In today’s briefing:
- EM Spreads – Weekly News & Views

EM Spreads – Weekly News & Views
- The LatAm Aggregate Index contracted by 17 bps to 315 bps in the week ending Friday, May 16, 2025, and is now trading 26 bps below its 3-month average.
- MELI 1Q25: Impressive Growth, Little Room for Further Spread Compression / YPF 1Q25: Margin Expansion and Strategic Progress Back Outperformance View
- Suzano 1Q25: Credit Metrics Improve Despite EBITDA Miss, Remain Outperform / Minerva 1Q25: Integration and Deleveraging Underpin Outperformance View
