Hong Kong February 21 2024: Pakistan’s dollar bonds bounced back from recent losses, boosted by the formation of a coalition government after two weeks of uncertainty, reported by Bloomberg.
Notes maturing in 2031 climb 3.6 cents to 68.2 cents on the dollar, nearly wiping out losses that followed the Feb. 8 election. Bonds due 2027, 2029, 2051, 2026 and 2025 all advance by similar margins, according to data compiled by Bloomberg.
Pakistan’s securities beat emerging-market peers on the day.
