Frontier Daily, 25 January: Ecuador, Turkey gains; Ghana, Suriname losses

  • Turkey eurobonds +0.5%, largest gain since 14 Dec; final 250bps rate hike to 45% expected today after policymaker hints

  • Ghana's eurobonds down 0.9%, reversing last week's gains; despite $300mn World Bank loan and $600mn IMF disbursement

  • Suriname eurobond index down 0.8%, ending 10-week sideways move; lowest since Oct; we retained Buy in December
January 25th, 2024
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