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Economy / Iraq

Global 2028 Bond: Yield To Rise Further

September 2008 | Market Strategy

Having turned cautious Iraq's US$ Global 2028 bond in mid-August (see Global 2028 Bond: Time To Get Cautious, August 18), when the yield was at 8.9%, we are not surprised by its recent rise to a shade under 9.9%, and we anticipate a move towards 10.3% in the short term.

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