Pakistan bonds slide after new Trump tariffsPublished on: July 25, 2026 3:06 AM
Pakistan, July 25 -- Pakistan's international sovereign bonds slid by 0.5% on Friday, and Sri Lanka and Indonesia bonds also came under pressure, after US President Donald Trump announced new tariffs.
The new US tariffs of 10% and 12.5% on goods from 60 trading partners over allegations of lax enforcement of forced labour bans were announced just as a temporary 10% global tariff expires.
Pakistan's 2036 issuance fell by 0.5% to bid at 97.80 cents, while Indonesia's 2045 maturity matched those losses to bid at 88.48 cents.
Sri Lanka's 2033 maturity shed just over 1 cent to bid at 93.05 cents on the dollar. The US is Sri Lanka's single largest export market, with roughly $3 billion in shipments, mostly in apparel.
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