Factsheets Back
31 . 12 . 2018
Market Overview

Although December saw Lebanese Government Eurobonds prices rise by around USD 2 to 4, but the year 2018 had a heavy negative impact on the bond market with prices decreasing between USD 10 and 20 from the medium to the long end of the yield curve Year-to-Date. Moody’s and Fitch both revised Lebanon’s outlook from “Stable” to “Negative” in light of ongoing political uncertainty and weakening economic fundamentals. CDS levels for 5 and 10 years reached new highs at 870 and 820 ask-spread levels respectively. GCC countries’ CDS levels were mostly stable the past month; with S&P raising Qatar’s outlook to “stable” and Moody’s downgrading Oman to BB+.