Protest_again
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Sri Lankan government bonds tumbled heavily on Tuesday, a day after one of the main credit rating agencies, Moody's, warned about the mounting pressure on the country's finances.The number of brain cells your PM has:
The government bonds fell as much 3.7 cents on the dollar ballooning the "spread" - bond market speak for risk premium - to 1,300 basis points.
Only basket cases such as Venezuela and Lebanon, or countries like Zambia, Belize and Argentina, which are either going into or coming out of debt restructurings, have larger spreads.
Congrats.