Egyptian bonds

Bloomberg reports:

“The Egyptian government’s dollar bonds due April 2020 fell, sending yields to a record high. Yields on the debt rose 47 basis points to 6.78 percent at 5:19 p.m. in London, extending this week’s increase to 106 basis points, according to data compiled by Bloomberg.”

Signs of real trouble for the regime are probably going to show up first on the bond market. Yields still not that high. A sudden spike would signal loss of confidence in the regime. It might even force the hand of the Mubarak government.

Watch the bond market.

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