Pakistan's dollar bonds have been under pressure in recent days on renewed tension over Kashmir but Monday's move by the government triggered a new fall
London: Pakistan's dollar bonds fell across the curve on Monday after the Indian government announced its decision to revoke Article 370, which gave Jammu and Kashmir a special status.
The bonds have been under pressure in recent days on renewed tension over Kashmir but Monday's move by the government triggered a new fall, with Pakistan's 2027 issue losing 1.7 cents in the dollar to reach its lowest level in more than a month, according to Tradeweb.
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