Geopolitical risks recede, Morgan Stanley highly recommends frontier market bonds
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JP Morgan strategists stated that the easing of geopolitical risks, a weakening dollar, and rising gold prices are expected to bring substantial returns to frontier market bonds in the coming quarter. Frontier markets lie between the least developed countries and emerging markets, with countries like Ghana, Egypt, and Nigeria expected to benefit from interest rate cuts. Nigerian naira bonds are seen as a preferred choice, as oil prices are expected to remain above $60, contributing to its current account surplus. Ghana and Uzbekistan will also benefit from the rise in gold prices
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