zur Abwechslung mal Egypt_Bonds....10,xx %

What Do Egyptian Bonds Know That Stocks Don't?

Submitted by Tyler Durden on 07/03/2013 10:28 -0400

• Bond
 
• CDS
 
• Equity Markets
 
• Exchange Traded Fund

Presented with little comment aside to note that Egypt's 2020 bond yields are up 42bps today to a record 10.65%, the 5Y CDS has surged to 925bps and yet the last few days have seen egyptian equity markets jump almost 10%. Is the thinly-traded local market being driven by US ETF-driven news-algo flows or is it all going to be ok after all?

Credit/Bond markets in Egypt are extremely worried - but not stocks...

and the EGPT ETF...