Pakistan's sovereign bonds rally as ceasefire with India continues
ReutersMay 12, 2025 6:03 AM
LONDON, May 12 (Reuters) - Pakistan's sovereign bonds rallied more than 4 cents on Monday, Tradeweb data showed, as a ceasefire with India announced over the weekend continued.
The 2036 issue gained the most, adding 4.46 cents to be bid at 77.04, while the 2031 added just under 4 cents to be bid at 83 cents on the dollar.
The nuclear-armed neighbours agreed a ceasefire on Saturday after several days of escalating fighting, and military operations chiefs of both countries are set to discuss the next steps on Monday.
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