Sri Lanka ISBs among the Best performers in the EMBIGD

As per the analysis done by Tellimer Research based on the J.P. Morgan Emerging Markets Bond Index Global which consider only USD denominated bonds, it was reported that the EM hard currency sovereign bonds as a whole have struggled so far this year. Report further says, however overall weakness masks some strong performance from idiosyncratic cases. The best performers, with returns well into double-digits, have been Zambia, Ecuador, Sri Lanka and Angola, which partly reflects catch up given how much they sold off last year.