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Emerging MarketsAfrica

African sovs storm market as EM HY shows immunity to rates volatility

AdobeStock_Africa_575x375_09Sept2020

Egypt and the Ivory Coast sold bonds on Monday that were heavily oversubscribed and offered little to no new issue concession. The trades, sources said, were evidence that volatility in global markets has had little impact on high yielding debt — though questions linger around investment grade EM issuance.

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