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Energy importers' sovereign bonds jump on hopes for end of Iran war

ReutersApr 1, 2026 8:02 AM

- The international government of bonds of countries that the rely heavily on oil and gas imports, including the likes of Pakistan, Egypt and Sri Lanka, surged on Wednesday after the United States fuelled hopes that the war on Iran could end soon.

Pakistan's 2051 maturity rallied as much 4 cents on the dollar to bid at 93 cents XS2322321964=TE, Tradeweb data showed. Egypt's 2047 bond jumped as much as 2.5 cents, to 88.49 cents, XS1558078496=TE and Sri Lanka's 2036 gained as much as 3 cents to bid at 91.45 cents XS2966241957=TE.

Others energy importers, including Turkey, Romania and Ukraine, also notched sizable gains.

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