JPMorgan and Chase, the premier American multinational investment bank and financial services holding company endorsed Sri Lanka’s crisis-hit government bonds on Wednesday (18). According to them, political reforms in Sri Lanka should progressively relieve the country’s difficulties and help continue its talks with the International Monetary Fund (IMF).

JPMorgan analysts have also commented positively saying that political stability should pave the way for bonds to move higher from near all-time lows.

Source: Reuters