Global 2028: Yield Nearing The Bottom?

With global financial markets continuing to rally, sentiment towards Iraq's US$ Global 2028 bond remains positive. The instrument's yield has dropped below 9% this week, trading at one point on September 16 at 8.896%, a 2009 low. The yield could well continue to track lower, perhaps as far as 8.5%, which would represent a return to H108 levels.

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