Factsheets Back
30 . 06 . 2019
Market Overview


In June, Lebanese Government Eurobonds’ prices increased in prices, erasing previous month losses, by around USD 1 to 2.5 from medium to long term maturities. In the news, mixed sentiment on the Lebanese economy was portrayed by Fitch and Moody’s warnings on deposit growth and financing pressures; while on the other hand the World Bank stated it was cautiously optimistic and the Finance Minister saying Qatari purchase of bonds would have a positive effect on the markets. CDS levels for 5 and 10 years were mostly stable at 880 and 830 ask-spread levels respectively. In the GCC, 5 year CDS levels remained stable.