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Moody's Warns of Deeper Losses for Bondholders in Senegal Debt Revamp, Downgrades Credit Rating
Moody's Ratings warned that bondholders could face wider-than-expected losses as Senegal seeks to rework billions of dollars of external debt, as it downgraded the West African nation’s credit rating.
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The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
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