Dollar bond yields have risen across the MENA region over the past month and we think this process has further to run. Underlying US Treasury yields look set to creep up as the Fed raises interest rates by more than the markets anticipate. And if oil prices drop back, geopolitical concerns linger and appetite for risky assets globally deteriorates as we expect, spreads are likely to widen further.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.