Turkey's dollar-denominated sovereign bonds slid further on Wednesday, and the cost of insuring government debt against default rose, as the post-election market rout following President Tayyip Erdogan's strong showing extended into a third session.
By Reuters Staff
(Adds analysts, background, details)
LONDON, March 2 (Reuters) - El Salvador sovereign dollar bonds jumped as much as 1 cent, with many issues trading at their highest in a year on Tuesday after President Nayib Bukele declared a major victory in legislative elections.
Longer-dated issues chalked up the biggest gains, with the 2032 and the 2052 issues adding 1 cent on the dollar to trade around 102.7 cents and 107.5 cents respectively, Refinitiv data showed.
Bukele cited projections that his party and allies won more than two-thirds of seats in what would be the biggest majority in the history of the nation’s Congress.