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JPMorgan backs Panama bonds as scandal fades

Monday, July 11, 2016

Negative headlines triggered by the so-called Panama papers scandal earlier this year may have created an opportunity to buy the Central American nation’s sovereign bonds, according to JPMorgan Chase.

The bank raised its recommendation on the country to “overweight” from “marketweight”, saying that the bonds have under-performed this year, even as the economy remains a top performer.

Source: Bloomberg