Jamaica’s borrowing costs are surging to the highest level in nine months after defaults by two Caribbean neighbors combine with the region’s slowest economic growth prospects to undermine investor confidence.
Yields on dollar bonds due in 2019 from Jamaica, which restructured US$7.8 billion of bonds almost three years ago, reached 8.31 percent on October. 31, the highest since February, and traded at 8.25 percent yesterday.
Jamaican notes lost 0.9 percent in October, the worst
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