{"id":131769,"date":"2025-11-12T20:53:10","date_gmt":"2025-11-12T20:53:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/131769\/"},"modified":"2025-11-12T20:53:10","modified_gmt":"2025-11-12T20:53:10","slug":"senegal-joins-gabon-mozambique-in-africa-trio-on-verge-of-debt-distress","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/131769\/","title":{"rendered":"Senegal Joins Gabon, Mozambique in Africa Trio on Verge of Debt Distress"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\"><a href=\"https:\/\/www.bloomberg.com\/quote\/26376Z:ZS\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Senegalese<\/a> bonds plunged to fresh record lows, placing the West African nation into debt-distress territory, according to a measure widely considered to be the threshold that locks countries out of global capital markets.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The <a href=\"https:\/\/www.bloomberg.com\/quote\/JPSSGSN:\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">sovereign risk premium<\/a> on Senegal\u2019s bonds over <a href=\"https:\/\/www.bloomberg.com\/quote\/3352Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">US Treasuries<\/a> widened to 1,077 basis points on Wednesday, according to indicative intraday quotes from <a href=\"https:\/\/www.bloomberg.com\/quote\/JPM:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">JPMorgan Chase &amp; Co.<\/a> indexes. That places the country among other African issuers whose debt is trading at or near 1,000 basis points, seen as a marker of distress. Mozambique\u2019s spread is at <a href=\"https:\/\/www.bloomberg.com\/quote\/JPSSGMZB:Ind\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">965<\/a> basis points, and Gabon\u2019s earlier this month traded above the threshold.<\/p>\n","protected":false},"excerpt":{"rendered":"Senegalese bonds plunged to fresh record lows, placing the West African nation into debt-distress territory, according to a&hellip;\n","protected":false},"author":2,"featured_media":131770,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[190,910,138,12684,5399,1951,219,88721,266,27464,220,341,111,139,69,90643,90642],"class_list":{"0":"post-131769","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-africa","9":"tag-bonds","10":"tag-business","11":"tag-capital-markets","12":"tag-debt","13":"tag-economics","14":"tag-economy","15":"tag-gabon","16":"tag-government","17":"tag-international-monetary-fund","18":"tag-markets","19":"tag-mozambique","20":"tag-new-zealand","21":"tag-newzealand","22":"tag-nz","23":"tag-risk-premium","24":"tag-senegal"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/131769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=131769"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/131769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/131770"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=131769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=131769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=131769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}