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Romania’s dollar bonds rallied following the presidential election, which saw pro-European candidate Nicusor Dan get elected. Analysts noted that Romania’s dollar bonds, which had previously reflected concerns about a potential downgrade to junk status, were among the top performers yesterday. However, analysts also highlighted concerns regarding Romania’s budgetary situation and its overall financial stability, noting that continued positive market momentum is contingent on the new government’s presentation of a credible plan to address the nation’s fiscal challenges.
Its 7.125% 2033s are up over 3 points since Thursday, currently trading at 101.64, yielding 6.84%.
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