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The high cost of insurance on Qatar's debt to the highest level in two months
05/06/2017
The cost of insuring the country's sovereign debt rose to its highest level in two months after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed its diplomatic relations with Doha, accusing it of supporting "terrorism".
Qatar rose swap credit risk contracts for the five-year basis points from Friday's close to reach 61 points registered the basis of the highest level since early April.
The analyst said agency Moody's credit rating, the crisis may affect the credit rating of Qatar if led to the movement of trade and capital flows crashes. The dollar fell sovereign bonds to Qatar as well.
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