Context: Zambia's local bond market has experienced a remarkable 36% rally, outpacing global peers, and this surge is expected to continue if President Hakainde Hichilema secures a decisive victory in the upcoming elections. The anticipated outcome of the polls could have a significant impact on investor sentiment and the performance of Zambia's bonds. President Hichilema's potential win may be seen as a positive development by investors, driving further gains in the bond market.