Lebanese Eurobonds Rise as Investors Monitor the IMF Visit’s Outcome
Lebanese Eurobonds rose this week as Lebanon opened a new round of IMF talks in Beirut, with the Finance Minister confirming a loss hierarchy in which the state and BDL bear losses first and depositors last, and reports of progress on deposit repayment and the state’s obligations to BDL.
In the US, 5-year and 10-year Treasury yields rose 31 and 24 bps, as hotter-than-expected October inflation and hawkish Fed comments pushed markets to fully price a rate hike at the December meeting.
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