Factsheets Back
28 . 02 . 2019
Market Overview


In February, Lebanese Government Eurobonds’ prices moderately rose by around USD 1 to 2 after the reduced political uncertainty due to formation of a new government. Interest rates seemed to have fallen from January peaks and the yield curve selling pressure on mid-term maturities eased. CDS levels for 5 years saw some significant decrease by around 30 bps reaching 690-700 bps while 10 year CDs levels were at 660 bps in ask-spreads. In the GCC, 5 year CDS level were mostly stable. Saudi Arabia’s 2019 issued 10 year and 31 year maturity USD bonds were trading at 4.35% and 4.9% ask yields respectively. Fitch affirmed Bahrain’s BB- rating and stable outlook.