Qatari Bond Slump Draws Investment-Grade Yield Seekers Amid Row
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Bonds down 3% since start of Gulf standoff, double peers’ loss
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Investors bet $335 billion wealth fund will help weather storm
Some investors are finding value again in Qatar’s international debt following a four-week selloff as a deadline in the standoff between the world’s biggest natural-gas exporter and its Gulf neighbors looms.
The nation’s bonds maturing in two to 29 years have fallen 3 percent on average since June 5, when a Saudi Arabian-led coalition froze political ties and imposed a travel blockade amid allegations Doha bankrolls terrorists. That’s more than double the drop for the Bloomberg U.S. Dollar Emerging-Market Sovereign Bond Index, raising the appeal of the investment-grade securities…
Qatari Bond Slump Draws Investment-Grade Yield Seekers Amid Row