Gabon Bonds Post Biggest Selloff in Year After IMF Flags Debt Woes

Gabon’s dollar bonds sold off the most in more than a year after the International Monetary Fund’s latest report indicated the country is facing worse budget pressures than expected.

The central African nation’s three dollar-denominated bonds were the worst performers across emerging markets on Wednesday, bucking positive sentiment spurred elsewhere by hopes of a peace deal in the Middle East.