Jordan’s main dollar bond and the country’s stock market have been largely insulated from increased political tension as domestic institutions hold on to their assets and foreign investors remain scant.
Since the Amman government raised fuel prices, sparking widespread protests last week, the yield on the country’s most liquid bond had only edged up 12 basis points by Wednesday. Similarly, the Amman stock exchange was down just 0.8 per cent on Wednesday from November 13 when the fuel price rises were announced.
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