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Mozambique, Senegal Eurobonds Lead Emerging Market Returns

Bloomberg Markets •
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Mozambique and Senegal's eurobonds are topping returns across emerging markets, spurred by progress in talks with the International Monetary Fund over new programs. The gains buck a wider dip in EMs, driven by a sharp rise in developed-market yields from the US to Japan, as investors fret over ballooning fiscal deficits and higher inflation.