Ethiopia

Ethiopia's ceasefire provides a ray of hope

  • Ceasefire announced Wednesday, just 2 days shy of 2-year anniversary of bloody conflict, providing ray of hope for peace

  • Too early to say if peace is durable, with March ceasefire failing to restore peace and aid access to beleaguered Tigray

  • Bonds rallied by 3pts on news. Focus will shift to IMF/restructuring negotiations. Retain Hold on '24s at cUS$54

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November 4th, 2022
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