Pakistan’s Dollar Bonds Rise With Stocks After Moody’s Upgrade
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Pakistan’s dollar bonds climbed the most since April and stocks advanced after Moody’s Investors Service upgraded the nation’s sovereign credit ratings for the first time since 2008.
The yield on the notes maturing in April 2024 declined eight basis points to 6.95 percent as of 2:02 p.m. in Karachi, data compiled by Bloomberg show. The Karachi Stock Exchange 100 Index of shares rose 0.1 percent in a fifth day of gains. The Pakistani rupee climbed 0.2 percent to a one-month high of