0940 GMT - The cost of insuring Bahrain's 5-year government bonds against default rises to a 3-week high as the Middle East conflict continues. Market expectations of a quick resolution to the conflict are fading as U.S. and Iran officials fail to reach an agreement. Bahrain has a relatively high level of debt to GDP compared to its Gulf neighbors, making its CDS costs more expensive. The country is an exception in the Gulf Cooperation Council $(GCC)$ economies, where most sovereigns carry relatively little debt, Oxford Economics' Azad Zangana says in a note. Bahrain's 5-year CDS spreads rise 1 basis point to 250bps, the highest level since April 8, S&P Global Market Intelligence data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
April 28, 2026 05:40 ET (09:40 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.