04.09.2012 - GCC Islamic bond yields drop a third month on scarcity
Gulf Islamic bond yields fell for a third month as a scarcity of sukuk and Europe’s debt crisis prompted local investors to favour the oil-rich region. Average yields on sukuk from the six-nation Gulf Cooperation Council slid 20 basis points, or 0.2 percentage points, last month to 3.18 per cent August 31, according to the HSBC/Nasdaq Dubai GCC US Dollar Sukuk Index. That compares with a nine basis-point drop to 4.74 per cent for emerging market bonds, according the JPMorgan Chase & Co’s EMBI Global Diversified Blended Yield index. Ten-year US Treasuries yielded 1.55 per cent on August 31...............................................Full Article: Source
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