Senegalese lawmakers reinstated Ousmane Sonko as a lawmaker and then elected him as speaker of the National Assembly, days after President Bassirou Diomaye Faye abruptly dismissed him as prime minister in a split that has fractured the ruling coalition.

Senegal’s dollar bonds fell sharply as investors digested days of political turmoil after the West African nation’s prime minister was fired and then swiftly returned to a position of power that could undermine President Bassirou Diomaye Faye.