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Senegal’s Bond Selloff Reveals Investor Angst on Debt Rework

Source: Bloomberg

Sovereign Debt & RatingsCredit & Bond MarketsEmerging Markets

Investors are moving away from the prospect of a Senegal default being avoided, selling short-dated Senegal bonds as they price in expected losses. This shift suggests rising default risk and deteriorating credit conditions for Senegal’s near-term debt, likely pressuring those issues and related EM sovereign credit sentiment.

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