In a big economic achievement, Bloomberg reveals stunning success of Pakistani local currency bonds
ISLAMABAD - In a big economic achievement, Bloomberg reveals stunning success of Pakistani local currency bonds. Global investors are piling into Pakistan’s local-currency bonds like never before, Bloomberg said in a report published today.
Attempts at economic reforms, support from the International Monetary Fund and interest rates topping 13% make the nation’s fixed income attractive amid a surge in the world’s pool of negative-yielding debt.
Small wonder foreigners bought $342 million of debt in the quarter through September, compared with virtually zero inflows in the past two years, according to central-bank data going back to 2015.