World Economy

Demand for (P)GCC Bonds

Demand for (P)GCC BondsDemand for (P)GCC Bonds

(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.