Saudi Bond Investors Basking in Top Returns Brace for Biden
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The bonds of OPEC’s largest crude producer have shrugged off historically low energy prices and the coronavirus pandemic this year. Now investors are pondering how long that outperformance will last with Joe Biden in the White House.
Saudi Arabia’s U.S. dollar-denominated debt has handed investors an average return of about 10% this year through Nov. 13, the second-best performance among developing nations, according to data compiled by Bloomberg.