World

GCC bond markets rebound in October as global yields ease

RIYADH: Fixed income markets across the Gulf and wider Middle East rebounded in October as falling government bond yields in major economies lifted regional bond and sukuk prices, a new analysis showed. According to Kamco Invest, the MENA Bonds Index gained 1.73 percent during the month, while the MENA Sukuk Index rose 0.96 percent. The combined MENA Bonds & Sukuk Index advanced 1.5 percent. The recovery followed a decline in government bond yields across major developed markets. The US 10-y