Mozambique Bonds Rally as Investors Cheer Tilt Toward IMF
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Mozambique bonds were among top performers in emerging markets after the country’s president said he expects to secure a new International Monetary Fund funding program early next year. Yields on the $900 million bond due in 2031 fell as much as 24 basis points to 12.5%, reaching the lowest since Nov. 18. The premium on Mozambique’s bonds over US Treasuries narrowed to 1,009 basis points, according to indicative quotes from JPMorgan Chase & Co indexes from Tuesday.