LONDON, April 10 (Reuters) - International bonds issued
by smaller, riskier emerging markets rallied on Thursday, after
U.S. President Donald Trump's stunning decision to pause the
hefty duties he had just imposed on dozens of countries.
Sri Lanka's dollar-denominated bonds - which had been at the
forefront of recent declines - rallied more than 6 cents, while
Nigeria saw its debt rally 5 cents, Tradeweb data showed. Angola
and Pakistan gained around 3 cents.
Debt issued by so-called frontier markets had suffered some
big falls and sharp swings since Trump announced sweeping
tariffs last Wednesday. The latest gains see many of the bonds
claw back around half of the losses they had suffered since
April 2 "Liberation Day".