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Sri Lanka’s Dollar Bonds Lead EM Peers on IMF Deal Reports

  • March 2030 bonds jump more than 3 cents after Reuters report
  • Central bank, government haven’t commented on news yet
Updated on

Sri Lanka’s bonds are leading gains in emerging markets after reports that the debt-ridden nation has reached a preliminary agreement with the International Monetary Fund for an emergency loan.

Securities due March 2030 rose as many as 3.4 cents to 34.37 cents on the dollar, posting a second day of gains. The Reuters report, which cited four unidentified people with direct knowledge of the matter, gave few other details on the talks between President Ranil Wickremesinghe’s government and the IMF.