Senegal Eurobonds Plunge After IMF Talks Paused Without New Deal

Senegal’s dollar bonds slumped the most in seven months after the International Monetary Fund’s two-week staff mission to the country ended without an agreement on a new program.

The country’s eurobonds maturing in 2033 dropped about 5% to 68.06 cents, driving the yield up 87 basis points to 13.20% by 9:29 a.m. in London. The West African nation’s 2048 debt fell 3.9% to 60.70, with the rate climbing 47 basis points to 11.87%. The moves were the biggest since April.