Standard & Poor's downgrading of the US's credit rating has sparked questions about the wisdom of keeping a large portion of the Gulf's several trillion dollars of savings in US treasuries.
Yields on US Treasury bonds recovered during trading yesterday after tumbling to near record lows in recent days. But recent low yields mean holders receive smaller returns on their investment.
Continuing deadlock in resolving the country's budget deficit problems could have a further impact on bonds, say economists.
No comments:
Post a Comment