"Volatility in US Treasury yields and a dip in investor appetite for emerging market credits could put a brake on new issuance from the Gulf Arab region in the near term, as both sides of the market wait for prices to stabilise.
Borrowers from the Gulf have been tapping bond markets actively in the last several weeks amid historically low interest rates and strong global demand, which have allowed issuers to price deals very aggressively.
But regional bonds have not been immune to the sell-off across emerging market credits, and this could cause pricing in the Gulf to become more closely aligned with risk."
'via Blog this'
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