Thursday 15 August 2013

Egypt bonds jump as violence stokes fears for economy - FT.com

Egypt bonds jump as violence stokes fears for economy - FT.com:

"Egyptian bond yields have shot up as investors fret that the government’s bloody crackdown on protesters could escalate the country’s political crisis and weigh further on the struggling economy.
The yield of Egypt’s international bond maturing in 2020 has climbed from 8.1 per cent earlier this week to a five-week high of 8.85 per cent on Thursday. The stock market was closed due to a government curfew, but slid 1.7 per cent on Wednesday as police forces raided two protester camps and killed at least 421 people."

'via Blog this'

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