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Senegalese President Macky Sall’s pledge to step down at the end of his term was cheered by investors, following weeks of turmoil sparked by his attempt to stay in power.
Prices on Senegal’s dollar eurobonds rose on Friday morning for the first time in four days, lowering yields on the notes due May 2033 by six basis points to 8.76% after his announcement late the previous evening. The country’s dollar bonds due March 2048 also advanced.
Harry Miller is a writer and editor based in Toronto who has Ten years of experience in the journalism industry. Before coming to Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and a breaking news reporter with the Toronto Star. Miller currently holds two bachelor’s degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.
