Factsheets Back
30 . 06 . 2017
Market Overview


In June, Lebanese Government Eurobonds offer prices maintained their downward trend with a decrease between USD 0.5 to 1.5 from medium term up to long term maturities. Although Fitch highlighted political progress in the country; Lebanon CDS prices for 5 and 10 year maturities reversed previous low levels and increased by a significant 50-60 bps to around 420 and 460 levels respectively. In the GCC region, Qatar suffered a major eco-political shock after neighbors cut economic ties due to terrorism funding allegations; its’ stock market index dropped and currency devalued; Qatar CDS levels hit a 16 month high rising by 60 bps to 120 levels; CDS levels for the rest of the members were also hit, to a lesser extent, with a 20-25 bps rise.