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Serbia’s opposition wins election, ending Vucic’s decade rule

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Story summary
  • Student List won Serbia’s parliamentary election, ending Aleksandar Vucic’s decade rule.
  • Serbia’s 2036 dollar bond fell 12 basis points to 6.44%, a one-month low.
  • ING Bank’s James Wilson said the clean transition offers a near-term market boost.
  • Wilson warned fiscal policy remains a risk despite expected continuity.
  • Serbian dollar bonds rose 6% YTD while the Bloomberg EM USD Index fell 0.8%.