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MENA and Global Markets

Kingdom of Saudi Arabia’s new 30 year bonds – what a ride!
16 November 2016

For those of you following the GCC fixed income markets the chart below illustrates the degree of volatility we have seen in recent days on the new KSA 2046 bonds – quite a ride to say the least.

The chart below that shows the price movement in the 30-year bond issued by the Kingdom last month. As the US election result was out on November 8, the bond suffered a heavy sell-off, in line with what we have witnessed globally. However, with markets stabilising in last two sessions, buyers emerged as investors viewed the KSA 46s as oversold. Watch this space…

Chavan Bhogaita, Head of Market Insights & Strategy
NBAD Global Markets
 

ksa-new-30-year-bonds

Our take on the Hot Topics

GCC Fixed Income - There’s No 'G'ulf In Transparency!

Perspective - 23 November 2016

A decade ago, lack of transparency was arguably one of the biggest criticisms of the Gulf bond and sukuk market overall. Today, the gap between the transparency offered by issuers versus that expected by international investors has to a large extent been bridged.

Chavan Bhogaita, Managing Director and Global Head of Market Insights & Strategy

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President Trump & The Middle East

Hot Topics - 16 November 2016

The US presidential election results took most forecasters by surprise. Let’s try and analyse what a Trump administration could mean for the Middle East. Even though much of this will be conjecture until we see the final make-up of his cabinet, there are early indicators worth dissecting.

Glenn Wepener, Executive Director & Geopolitical Analyst Middle East & Africa

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