Emerging Market Credit Daily Roundup: 7 July, 2017

Saudi-led bloc condemns Qatar’s refusal to accept blockade-ending terms – Oil prices drop below $45 – Egypt CB hikes rates by 200bp – Eskom signs US$1.5bn loan deal with China Development Bank – Brazil inflation slows to 3% in June – China’s Longfor Properties issues US$450mn 5-year bond – Russian Central Bank “shocked” by sudden inflation jump