Ethiopia rallies on positive conflict news
-
Progress towards peace has prompted a c14% bond rally since early December, including c6% yesterday
-
But there's still a long road to travel before durable peace is reached, with a risk of backsliding and resumed fighting
-
The bond market reaction looks overly optimistic; retain Hold on the ETHOPI 6 ⅝ 12/11/2024s
You can read this report by subscribing to a Starter or Pro plan today.
Already have an account? Log in
Most Read
Disclosures
This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
The Analyst certifies that the views and forecasts expressed in this report accurately reflect their personal views about the subject, securities, or issuers specified herein. In addition, the Analyst certifies that no part of their compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in this report.