Pakistan’s Sovereign Bonds Decline Amidst Heightened Tensions

Pakistan’s sovereign dollar bonds experienced a significant drop on Monday, as indicated by Tradeweb data. This decline occurred following statements from the country’s defense minister regarding a potential military incursion by India.

The bond maturing in 2031 saw the most substantial decrease, falling by 3.5 cents to a bid price of 78.75 cents on the dollar.

These fluctuations come amid escalating tensions between the two nuclear-armed nations, particularly after a recent deadly attack on tourists in Occupied Kashmir.