GCC US dollar sukuk and bond yields have widened to five-year high spreads since the start of the Iran war, reflecting heightened risk perceptions, according to Fitch Ratings. The move “exceeds recent geopolitical, tariff and sharia-related volatility, but remains below pandemic-era levels,” Fitch said. Yields to maturity (YTM) on the S&P MENA Sukuk and Bond indices have risen sharply since the conflict began, with widening most pronounced among speculative-grade issues. [...]