Zambia's World-Beating 36% Local Bond Rally to Extend After Polls
Zambia's local bonds have delivered a world-leading 36% rally and are poised to continue their strong performance if President Hakainde Hichilema secures a decisive victory in the upcoming elections, according to Citigroup's analysis. The bond market's momentum appears closely tied to political stability and investor confidence in the current administration's economic direction.
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Zambia’s World-Beating 36% Local Bond Rally to Extend After Polls, Citi Says
Zambia's local bonds have experienced a world-leading 36% rally, and Citigroup analysts predict this surge will continue if President Hakainde Hichilema wins decisively in the upcoming elections. The strong performance reflects investor confidence in the country's economic direction and political stability under current leadership.
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