{"id":125438,"date":"2022-05-18T15:59:22","date_gmt":"2022-05-18T22:59:22","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=125438"},"modified":"2022-05-18T15:59:22","modified_gmt":"2022-05-18T22:59:22","slug":"jpmorgan-backs-sri-lanka-bonds-on-bets-that-crippling-crisis-to-ease","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/05\/18\/jpmorgan-backs-sri-lanka-bonds-on-bets-that-crippling-crisis-to-ease\/","title":{"rendered":"JPMorgan backs Sri Lanka bonds on bets that crippling crisis to ease"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Reuters<\/em><\/span><\/h2>\n\n\n<p>LONDON, May 18 (Reuters) &#8211; U.S. investment bank JPMorgan backed Sri Lanka&#8217;s crisis-hit government bonds on Wednesday, saying recent political changes in the country should gradually improve its strains and help its talks with the International Monetary Fund.<\/p>\n\n\n\n<p>Adding an &#8216;overweight&#8217; &#8211; effectively a buy recommendation &#8211; JPMorgan analysts said: &#8220;political stability should pave the way for bonds to move higher from near all-time lows&#8221;.<\/p>\n\n\n\n<p>Sri Lanka is officially now in default as a so-called &#8220;grace period&#8221; to make some already-overdue bond interest payments expired on Wednesday.<\/p>\n\n\n\n<p>&#8220;We think this stability should result in both IMF discussions and the process of appointing legal and financial advisors moving forward,&#8221; JPMorgan added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Reuters LONDON, May 18 (Reuters) &#8211; U.S. investment bank JPMorgan backed Sri Lanka&#8217;s crisis-hit government bonds on Wednesday, saying recent political changes in the country should gradually improve its strains and help its talks with the International Monetary Fund. Adding an &#8216;overweight&#8217; &#8211; effectively a buy recommendation &#8211; JPMorgan analysts said: &#8220;political stability should [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-125438","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/125438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=125438"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/125438\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=125438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=125438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=125438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}