Pakistan’s Sovereign Bonds Surge Following Ceasefire Announcement

Pakistani sovereign bonds experienced a significant upswing on Monday, according to Tradeweb data, buoyed by the recently announced ceasefire with India. The value of these bonds saw an increase of over 4 cents.

The bond maturing in 2036 demonstrated the most substantial gain, climbing by 4.46 cents to reach a bid price of 77.04. Similarly, the 2031 issue rose by just under 4 cents, with a bid price of 83 cents on the dollar.

This positive movement follows an agreement between the two nations to halt hostilities, reached on Saturday after days of heightened tensions. Military officials from both sides are scheduled to meet to discuss subsequent actions.