"Dubai bond and sukuk yields spiked yesterday in the worst day of trading for the emirate's government debt in more than 18 months, with some brokers triggering margin calls for highly leveraged investors.
The yield on the Dubai Government's 10-year sukuk, launched in January with a profit rate of 3.875 per cent, soared 22.5 basis points to 4.972 per cent. Bond yields move in the opposite direction from price.
At the time it was sold, the Government was able to borrow for 10-year capital at a cheaper rate than Italy - which is now trading with a yield of 4.73 per cent."
'via Blog this'
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