Factsheets Back
31 . 10 . 2018
Market Overview


In October, Lebanese Government Eurobonds offer prices saw a small increase of USD 1 to 2 along the curve; 10 year USD Eurobonds settled at around 9.5-10% offer yields. Lebanon CDS levels for 5 years decreased in parallel to close at 700 levels respectively. Socio-political issues are pushing interest rates higher given the increase risk profile of the country; ultimately driving fixed income security values downwards. In the GCC region, 5 years CDS levels for Saudi Arabia increased by 20 bps although major rating agencies confirmed its rating and outlook. Moody’s changed Qatar’s banking system outlook from negative to stable given the economic resilience.