Frontier Daily, 1 August: Distressed bond rally, Ghana up 6.6%, EM FX weaker

  • Ghana eurobonds up 6.6% as markets digest the government's mid-term budget review. Govt committed to consolidation

  • Lebanon eurobonds up 3%, reaching levels not seen since August 2022. New BdL governor to begin talks on currency float

  • Argentina eurobonds down 0.6%. US$7.5bn IMF deal announced Friday buys country time but doesn't change fundamentals
August 1st, 2023
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