Dear Sir/Madame,

We are pleased to send you our monthly newsletter, April 2021 issue:

“A room without books is like a body without a soul.” ― Marcus Tullius Cicero

“No man ever becomes wise by chance.” ― Aesop

Clues from Recent Asset Classes’ Behavior

Macro: Uneven Global Recovery

Oil: Struggling for Direction   

MENA: HY MENA Oil Exporting Countries’ Bonds Outperforming Oil Importing Countries’ Bonds