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Bonds

Trump’s Tariff Turmoil Raises Specter of Bond Market Lockout for African Nations

African governments are facing the prospect of being shut out of global bond markets again, as tariff turbulence leads investors to dump riskier assets.

If the upheaval caused by US President Donald Trump’s trade war continues, leading to continued higher yield spreads, it will be difficult for sub-Saharan African nations to issue new eurobonds, said Aurelie Martin, an economist and investment analyst at Ninety One in London.