MIDEAST DEBT-Investors re-price political risk in Middle East bond market:
"A rise in Middle East bond yields following Saudi Arabia’s anti-corruption purge and turmoil in Lebanon signals a long-term re-pricing of regional debt caused by heightened political risk, investors believe.
Funds started selling Middle East bonds early this month after Saudi Arabia detained dozens of senior officials and top businessmen in an unprecedented crackdown on graft.
The arrests coincided with the resignation of Lebanon’s prime minister, which put that country at the centre of regional tensions between Saudi Arabia and Iran, pushing Lebanese bond prices to multi-year lows."
'via Blog this'
No comments:
Post a Comment