We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
UAE Said to Have Raised Discussions on Financial Backstop with the US
April 20, 2026
UAE is said to have initiated discussions with US officials regarding a potential financial backstop via a currency swap line, as per the WSJ. It noted that UAE central bank Governor Khaled Mohamed Balama raised the subject with the US Federal Reserve and Treasury officials during recent meetings in Washington. The move comes as a measure to safeguard its economy against the escalating conflict between the US, Israel and Iran. Besides damage to UAE’s energy infrastructure due to the war, the blockage of the Strait of Hormuz has hurt oil shipments, cutting off the nation’s primary source of dollar income. While Emirati leaders maintain they have avoided a total economic collapse thus far, they have raised concerns about capital outflows and a depletion in reserves.
UAE’s dollar bonds were trading higher by over 0.5 points with its 2% 2031s at 89.2, yielding 4.2%.
For more details, click here
Go back to Latest bond Market News
Related Posts:
Credit rating boost for Ireland & Portugal: EU inches towards recovery
September 20, 2017
China Refutes S&P Downgrade Action
September 26, 2017
Mongolia’s Credit Ratings Upgraded to B3 by Moody’s
January 19, 2018
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.