2023-08-26 17:28:38
Raed Momani, head of the Asset and Assets Management Department at Capital Investments, said that the beginning of this August witnessed a strong rise in bond yields for developed countries in the world due to high inflation, an increase in debt issuances, and expectations of an increase in them from the US government, with plans to increase debt rates.
He added, in an interview with Al-Arabiya, that what happened during the current week is that revenues have increased significantly.
He pointed out that the turnout was rather strong yesterday for an auction of US Treasury bonds for a period of 20 years, which helped lower the returns on US Treasury bonds, and today we see stability, and we are waiting for what Jerome Powell, the US Federal Reserve governor, can say, and do you believe the expectations of the continuation of high interest rates? The second topic of discussion among analysts is whether the world and America can afford to live with high interest rates for a long time in the coming years.
He stated that the volume of issuances was approximately 150% higher, since the beginning of the year until now, despite the high interest rates, with the increasing opportunities for the rise of the secondary market for debt issuances in the region.
He pointed out that the first half of this year witnessed good debt issuances higher than the corresponding period last year in the Arab region, despite the high interest rates.
The “Bloomberg” index revealed the negative performance of bonds in the Gulf region since the beginning of the year.
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