The bond markets remain largely unfazed by the ongoing political unrest within the Middle East and North Africa (MENA). However, fears of contagion creeping into Saudi Arabia, where protests are planned this Friday, have left some market participants apprehensive.
“If the demonstrations and unrest spread to Saudi, there is a real danger seven or eight million barrels of oil per day could fall,” says Nigel Rendell, emerging market strategist at RBC Capital Markets. “If that happens, people’s gues
The week on Risk.net, July 7-13, 2018Receive this by email