Frontier market bonds caught in heavy selloff, Pakistan drops more than 13 cents
ReutersApr 7, 2025 7:49 AM
LONDON, April 7 (Reuters) - International sovereign bonds of a number of frontier markets suffered sharp selloffs on Monday as U.S. President Donald Trump showed no sign of backing away from his sweeping tariff plans.
Longer-dated dollar-denominated bonds issued by Pakistan dropped more than 13 cents, Sri Lanka's more than 6 cents while those of Egypt, Angola and Kenya all tumbled more than 4 cents in the dollar, Tradeweb data showed.
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