LONDON - Spreads of Egypt sovereign hard-currency bonds over safe-haven U.S. Treasuries blew out to a fresh record high of 1,042 basis points, data from JPMorgan's EMBI Global Diversified fixed income benchmark showed on Tuesday.

Overseas notes issued by Egypt - one of the countries with the greatest external vulnerabilities due to its reliance on capital flows - have come under pressure since the war in Ukraine has drained wheat supplies and sent food inflation soaring.

(Reporting by Karin Strohecker; eitong by Rodrigo Campos)