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Ethiopia’s Bonds Are The Best-Performing Sovereign Debt In Emerging Markets This Year.

Updated: Feb 8, 2023

According to Bloomberg, Ethiopia’s bonds are the best-performing sovereign debt in emerging markets this year.

The bonds have rallied 6 cents on the dollar since Jan. 26 when the Ethiopian Council of Ministers shortened the six-month state of emergency.

That brings returns this year to 13%, the best performance out of 80 developing nations tracked by Bloomberg and the highest jump recorded this year. Last year, the securities lost 28%, the worst performance after El Salvador.

Infographic: Bloomberg

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