HALISTER1: Mongolian Govt Bonds Rally After Fitch Downgrades Rating to B-

Mongolian Govt Bonds Rally After Fitch Downgrades Rating to B-

(Bloomberg) -- Mongolian govt bonds jump after Fitch downgrades sovereign rating to B- with stable outlook.
  • Yield on govt bond due December 2022 slides 14bps to 8.86%, while bond due April 2021 drops 13bps to 10.051%; January 2018 note falls 5bps to 10.319%
  • Moody’s cut rating earlier this week
    • Read more: Fitch downgrades Mongolia
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