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Frontier bonds rally on Trump tariff pause, Sri Lanka adds more than 6 cents
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Frontier bonds rally on Trump tariff pause, Sri Lanka adds more than 6 cents
Apr 10, 2025 12:03 AM

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".

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