From Zero to Hero: Pakistan Bonds Evoke Egypt’s Success Tale
- Foreigners buy $342 million of local debt in July-September
- Returns on Pakistan bonds approach policy rate of 13.25%
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Global investors are piling into Pakistan’s local-currency bonds like never before.
Attempts at economic reforms, support from the International Monetary Fund and interest rates topping 13% make the nation’s fixed income attractive amid a surge in the world’s pool of negative-yielding debt.