Egypt, Pakistan sovereign dollar bonds slide in broader EM selloff

Egypt, Pakistan sovereign dollar bonds slide in broader EM selloff

Egypt, Pakistan sovereign dollar bonds slide in broader EM selloffWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>MARKETS>Fixed Income>Egypt, Pakistan sovereig...PHOTOLONDON  - Sovereign dollar bonds issued by Egypt and Pakistan fell by more than 2 cents on Thursday, Tradeweb data showed, amid a broader selloff in emerging-market debt.Sovereign dollar bonds issued by oil producer Angola were also sliding. Egypt and Pakistan are grappling with high debt and limited access to foreign exchange, and Pakistan's rupee currency also hit record lows on Thursday.The moves followed a selloff in Gabon's sovereign debt after a military coup, and drops in Nigeria's bonds following reports of an issue with a $3-billion loan.(Reporting By Libby George; Editing by Amanda Cooper)Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not