Frontier dollar bonds resume sharp selloff, Pakistan drops more than 5 cents
ReutersApr 9, 2025 6:37 AM
LONDON, April 9 (Reuters) - International bonds issued by smaller, riskier emerging economies suffered another sharp selloff on Wednesday, after President Donald Trump's eye-watering 104% tariffs on China took effect, re-igniting turmoil throughout global markets.
Pakistan longer-dated bonds tumbled more than 5 cents to drop to be bid below the 70-cent threshold where debt is seen as distressed, Tradeweb data showed.
Debt issued by Sri Lanka, Nigeria and Egypt were all down between 3.5-4.5 cents.
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