Infighting a boon to Iraq bonds as cash pile swells
An unintended consequence of Iraq’s political strife is cheaper borrowing costs for the government. The yield on Iraq’s January 2028 bond tumbled 101 basis points this year to 6.64 percent today, within three basis points of the lowest since March 2013, according to data compiled by Bloomberg. The bond has returned 13 percent in the […]Nayla Razzouk reports for Bloomberg Businessweek:
An unintended consequence of Iraq’s political strife is cheaper borrowing costs for the government.
The yield on Iraq’s January 2028 bond tumbled 101 basis points this year to 6.64 percent today, within three basis points of the lowest since March 2013, according to data compiled by Bloomberg. The bond has returned 13 percent in the period, more than twice the average for dollar-denominated sovereign bonds from the Middle East’s OPEC members.
