Middle East government bonds weathered regional turmoil and spillover from Europe's debt crisis in 2011, led by debt from oil producers Qatar and Abu Dhabi.
Regional bond yields declined by more than the emerging markets average this year, with Middle East yields down 24 basis points, or 0.24 of a percentage point, to 4.94 per cent, according to the HSBC/Nasdaq Dubai Middle East Conventional Sovereign US Dollar Bond Index. Emerging-market debt fell 10 basis points to 5.86 per cent, JPMorgan Chase & Co. data show.
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