Iraq’s dollar bonds tumble 1.2 cents amid unrest and rising death tolls
Iraq’s dollar bonds tumble 1.2 cents amid unrest and rising death tolls
5/10/2019
BAGHDAD (Reuters) – Iraq’s dollar-denominated sovereign bonds fell 1.2 cents to a four-month low on Friday after the death toll from violent protests across the country rose to 46 as unrest escalated rapidly.
The 2028 issue fell to 95.14 cents, a four-month low, according to data from Refinitiv. Bonds have fallen more than two years since the start of the week.
The unrest, sparked by public anger over worsening living conditions and widespread corruption, is the biggest security challenge facing Iraq since the defeat of IS in 2017.
Reuters
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