Global yield hunters are hawkish on GCC bond market, Deutsche Bank says - The National

Global yield hunters are hawkish on GCC bond market, Deutsche Bank says - The National:

"Regional geopolitical rifts have not dampened the appetite for investment in the GCC, especially for its growing bond market, which is an attractive proposition for investors looking for yields globally, Christian Nolting, the global chief investment officer of Deutsche Bank Wealth Management said.

“From a global perspective, there has always been some geopolitical risk in this region during the last decade,” Mr Nolting said in an interview in Dubai. Investors have not lost confidence in the wake of the diplomatic dispute between Qatar and the Saudi Arabia-led quartet of Arab nations, he said. He added that “people are still interested in this region and they want to invest here”.

In June Saudi Arabia, the UAE, Bahrain and Egypt, which accuse Doha of supporting terrorism and meddling in their internal affairs, cut diplomatic and transport ties with Qatar. The crisis, the worst since the formation of GCC in 1981, has come at a time when the region faces challenging economic conditions from a three-year oil slump."



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