MENA Bonds: Out Of Tune In June - Zawya

Q2 2011 ended with the bonds symphony seeing some players abiding by the script and others improvising, writes Joey Geadah, Bonds Analyst at Zawya.

The second-quarter curtain fell on the bond melodrama in the Middle East and North Africa with some players abiding by the script and others improvising, creating a collaboration that seemed to be out of tune.

Bond performers such as Qatar, UAE and Kuwait remain consistent, unlike Oman, Saudi Arabia and Bahrain. This reveals a vast variation between major GCC players, leaving the outlook for the second half of the year slightly vague.

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