Global 2028: Further Gains Likely In S-T

We highlight the possibility of gains for Iraq's US$ Global 2028 bond in the short-to-medium term. A couple of weeks back we closed out our bullish view on the bond when it was yielding 11.94%, stating: 'in the very short term, and largely from a technical perspective, we warn that the bond's yield could well retrace back upwards, or simply stagnate around its current level,'

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