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Wednesday, 28 June 2017

Saudi CDS hits 5-1/2-month high as spat with Qatar rumbles on | Reuters

Saudi CDS hits 5-1/2-month high as spat with Qatar rumbles on | Reuters:

"The cost of insuring exposure to Saudi Arabian debt rose on Wednesday to the highest level since January as the diplomatic crisis in the Gulf rumbled on. Qatari debt insurance costs also rose while its 2026 sovereign dollar bond slipped to a five-and-a-half month low. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt imposed a boycott on Qatar three weeks ago, accusing it of backing militants, then issued an ultimatum, including demands it shut down a Turkish military base in Doha, shutting the Al Jazeera TV channel and curbing ties with Iran."



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