European markets were mixed on Monday as investors reassessed the economic outlook.

‍Bohlund said that the government's decision to suspend most external debt servicing without a consent solicitation process indicates that they have given up on trying to regain Eurobond market access before the 2024 elections. Instead, they are focusing on getting funds from the IMF as quickly as possible.

Former Treasury Secretary Lawrence Summers warned that the assumption that the bond market has made, that the era of low interest rates is coming back, is likely to be wrong.