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Bond Market News
Senegal’s Dollar Bonds Tick Higher amid Budget Deficit Reduction Plans
June 29, 2026
Senegal’s dollar bonds inched higher on Friday after the government unveiled plans to reduce its budget deficit from next year. The government published its projections for the budget deficit to 4.9% of GDP in 2027 from 5.4% this year. Its forecast also projects the budget deficit reaching 3% of GDP in 2029. This comes just a week after an IMF mission visited Senegal, noting that further action was needed to resolve the debt misreporting issue. An IMF spokesperson noted that Senegal should launch a private international audit into payment arrears as part of its measures to tackle its debt issues. Senegal’s Finance Ministry said that the audit has already been carried out by the Inspectorate General of Finance.
Senegal’s 6.25% 2033s were trading higher by 0.5 points on Friday, currently at 53.6, yielding 18.4%.
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