GEOPOLITICS | Zambia Bond Rally Seen Extending After Polls, Citi Says

Zambia’s local bond rally may continue if President Hakainde Hichilema wins next month’s elections decisively, according to Bloomberg reported. Citigroup Inc. said the world-beating 36% advance in the country’s bonds could extend on that outcome. The note ties further gains to the election result, with Citigroup pointing to the vote as the key catalyst for the market.