Romania's bruised bonds rise ahead of weekend election

LONDON, May 16 (Reuters) - Romania's international market government bonds reclaimed some of their recent heavy losses on Friday ahead of the country's pivotal weekend presidential election.

Tradeweb data showed Bucharest's dollar-denominated bonds up as much as 1 cent, with the 2048 maturity bidding at 71 cents on the dollar. Many of its euro-denominated bonds also gained just under 1 cent, leaving the 2040 maturity at 58.42 cents on the euro.

Polls for Sunday's vote show the centrist and far-right candidates for president in a dead heat. Investors are closely watching as the new leaders will have to quickly grapple with the country's rising fiscal deficit or face a potential credit rating downgrade.