Factsheets Back
31 . 01 . 2018
Market Overview


The year 2018 kicked off positively for the local Eurobond Market with Offer prices increasing between USD 3 to 4 on average, almost correcting previous months losses. Lebanon 5 and 10 year CDS prices dropped significantly to around 430 and 480 levels respectively. In the GCC region, 5 years CDS levels dropped by around 10 to 25 bps overall. Moody’s says that the negative GCC sovereign outlook in 2018 reflects weak growth, structural challenges and geopolitical tensions; but also states that if oil prices stabilize at current levels government revenues will be boosted which narrows budget deficits.