Analysis
Middle East credit markets were in defensive note at the beginning of last week as U.S. 10- year treasury yields widened to around the 2.80% mark following the latest U.S. jobs data, but there has been some buying in recent sessions, especially in high-yield bonds such as Dar Al Arkan, MBPS and Dubai Holdings. The new issuance pipeline in the region also remains strong thanks to ADCB, SABIC and GEMS.
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