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The country is unlikely to issue new dollar bonds in the near future despite a big rally in yields
High carry and stronger FX performance are drawing investors deeper into frontier markets
Volume dips only slightly despite there being a third fewer transactions
Data
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Investors see little reason to play in primary
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Dollar markets not competitive with domestic bonds
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Assets can fetch far higher returns, sources say
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Colombian oil company launches bond swap as investors see value
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But a busy holiday period means borrowers may have to wait until into June to test the market
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Investors expect most demand for Lithuania's issue to be from non-EM focused accounts
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