(P)GCC bonds could see further yield spread compression in the coming months, despite low oil prices, as global investors hunt for yield and a spate of redemptions frees up cash for reinvestment in the market, TradeArabia reported. The (P)GCC’s fixed income can be categorized broadly into two areas – high-grade issuances and high-yield issuances, said Ram Mohan, portfolio manager at Abu Dhabi Investment Company.
