From Bloomberg: Yields on Islamic bonds from the Persian Gulf are climbing even as rates on conventional debt decline, after four defaults in the past 16 months prompted investors to demand higher returns.
The average yield on sukuk sold by Gulf Cooperation Council issuers rose 38 basis points to 6.99 percent yesterday from this year’s low on April 15, according to the HSBC/NASDAQ Dubai GCC US Dollar Sukuk Index……………………………………….Full Article: Source