Could Dubai be on the verge of getting a bailout, courtesy of Washington?
Dubai’s bond roadshow does not include a stop in the US. But it is conditions established there that analysts and economists say appear to have reopened international credit markets to the emirate.
To revive the US economy, the Federal Reserve has pushed its lending rates to their lowest since the Second World War. That and concerns that ballooning debt could fuel inflation have sparked a boom in demand for higher-yielding bonds elsewhere.
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