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Morocco Mojo Building From Moody’s to Record Bond Yields

Moroccan bond yields are tumbling to records as an increase in issuance boosts liquidity amid a stable political backdrop, according to Standard Chartered Plc.

The yield on the North African nation’s 1 billion euros ($1.3 billion) of 4.5 percent notes due October 2020 is down 154 basis points this year to 2.72 percent as of 1:51 p.m. in the capital Rabat, one basis point away from yesterday’s record low, according to data compiled by Bloomberg. That represents a 241 basis-point spread over the yield on similar-maturity German bunds, the euro-region’s benchmark government securities, a record low.