Lebanese Eurobonds Rise After BDL Governor Signals Breakthrough in IMF Negotiations

Lebanese Eurobonds gained this week after BDL Governor Karim Souaid signalled progress on key reforms seen as essential for securing an IMF agreement and eventually restructuring Lebanon’s defaulted debt. In global markets, Treasury yields retreated from multi-decade highs as investors rotated towards bonds, as investors take profits and short sellers rush to cover their positions, and as stronger-than-expected inflation readings raised concerns that sustained high borrowing costs could eventually slow AI-related investment and broader economic activity.

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