8 Hrs
Source:
الاقتصادية
Bahrain bonds lead emerging markets
Bahraini dollar-denominated bonds experienced a strong rise on Friday, becoming the best performer among emerging market bonds. The yield on the bonds decreased by about 50 basis points to around 8%, while the cost of insuring against default risks fell by approximately 20 basis points to 327 points, reflecting improved investor confidence. This comes amid expectations that Gulf countries, especially the UAE and Saudi Arabia, will play a key role in providing financial support to Bahrain's struggling economy, which faces debts exceeding 150% of GDP and declining foreign reserves. This resurgence follows a wave of sell-offs reminiscent of the 2018 crisis but also demonstrates a recovery in bond performance over the past week.
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