Qatar sells 5.58bn riyals of govt bonds, focuses on long end of curve

It sold 150 million riyals of three-year bonds at a yield of 2.75 percent, 800 million riyals of five-year at 3.35 percent, 1.7 billion riyals of seven-year at 4.0 percent, and 2.925 billion riyals of 10-year at 4.5 percent.

Liquidity at the short end of Qatar's money markets has been squeezed by low oil and gas prices, strong loan growth and US interest rate hikes in recent months.