Senegal’s Dollar Bonds Slump as Report Raises New Debt Fears

The outlook for the worst-performing dollar bonds in emerging markets just got a lot bleaker.

Senegal’s government debt unexpectedly rose to 119% of gross domestic product last year, Barclays Plc said in a report citing the latest budget data. That’s well above the 99.7% for 2023 indicated in a recent audit of the nation’s finances.