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FINANCIAL NEWS
GCC markets debt issuance picks up in H1
25 Jul 2016
(MENAFN) The GCC markets viewed little volatility in yields amid Q2 of this year, which was supported by stable oil prices, a dovish Fed and limited global volatility.
Additionally, GCC yields saw little volatility in the cited quarter and continued to steadily trend downwards, as oil prices maintained healthy levels.
Moreover, Saudi Arabia was the most affected, viewing its CDS climb by 26 basis points in Q2, eroding any confidence gained in the past six months.
Meanwhile, gross issuance totaled USD55bn during the first half of this year, with USD36bn added in Q2 alone.
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