Factsheets Back
30 . 11 . 2018
Market Overview


In November, Lebanese Government Eurobond prices dropped by around USD 2 to 4 from the mid to long end of the curve; mainly due to heightened political and economic uncertainty in the country after delays in government formation. Ask yield for a 5 year Government Eurobond reached 11% at month end. CDS levels for 5 and 10 years have also peaked at 810 and 770 ask-spread levels respectively. The three main rating agencies affirmed the GCC countries' ratings and outlook with S&P raising Qatar's outlook to "stable" from "negative", stating continued mitigation of economic and financial fallout after the boycott.