Haven Fever Dims Oil Pain, Fuels Record Month for Gulf Bonds

The video discusses the performance of GCC bonds, highlighting a 3.5% return last month compared to flat returns in emerging markets. Bonds from Qatar and Saudi Arabia led the gains, with investors seeking high-quality bonds. The rally in Treasurys and inclusion in JP Morgan's indexes provided support. The video also examines the impact of oil prices, trading at $60 per barrel, below Gulf governments' break-even prices. If oil prices remain low, it could affect credit fundamentals and bond spreads, particularly in Bahrain and Oman, which have weaker finances.

What was the return of GCC bonds last month compared to emerging markets?

What role does JP Morgan's index inclusion play in the region's bond market?