Egypt’s sovereign dollar bonds rally to 2-year high

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By Yomna Yasser
Egypt tourism
The bustling, sprawling metropolis of Cairo on the banks of the River Nile (Photo Credit: Anton Aleksenko)

Egypt’s sovereign dollar bonds rallied to fresh two-year highs on Thursday.

The 2059 maturity rallied the most, rising 1.35 cents, to bid at 77.60 cents on the dollar by 13:09 GMT, according to Tradeweb.

Near-term maturities were also bidding as high as 99.52 cents.

Attribution: Reuters

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