The emirate’s five-year credit default swaps tumbled 50 basis points this year to 395, according to data provider CMA, which is owned by CME Group Inc. and compiles prices quoted by dealers in the privately negotiated market. They remain the fourth-highest in the Middle East.
DIFC Investment’s sukuk were at 96.71 cents on the dollar at 5:53 p.m. in Dubai, near the highest level since November 2007. Jebel Ali Free Zone notes were at 94.68 cents on the dollar, according to data compiled by Bloomberg. The yield on Dubai’s 5.591 percent government dollar bond due June 2021 has dropped 38 basis points, or 0.38 percentage point, this year to 5.60 percent………………………………………..Full Article: Source