Thursday 22 November 2018

MIDEAST DEBT-Oman the weakest GCC link as yields rise | Reuters

MIDEAST DEBT-Oman the weakest GCC link as yields rise | Reuters:

A surge in Oman’s international bond yields suggests that, with investor concerns about its twin deficits growing, the country is fast replacing Bahrain as the weak debt market link among Gulf Arab oil exporters.

Oman’s January 2023 dollar bond yield has jumped 81 basis points since end-September, making Oman by far the worst performer in the six-nation Gulf Cooperation Council.

Saudi Arabia, the second worst, has seen its March 2023 bond yield rise just 44 bps, amid concern the killing of dissident Jamal Khashoggi could hurt ties with the West.

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