ASIA CREDIT CLOSE: Investors pause ahead of NFP; Mongolia rebounds | Reuters: "In spite of the lack of activity and the downbeat mood, Mongolia's bonds rebounded with the 2018s quoted at 97.50/98.50 and the 2018s around 98.15/99.15. This was a steep recovery from levels as low as 93.50 and 94.50 for the two bonds respectively.
The recently priced bonds had come under pressure yesterday -- which also happened to be their settlement date -- amid reports that the Mongolian People's Revolutionary Party was quitting the governing coalition, a move that could cause the government to fall."
'via Blog this'
