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Lebanon's bonds rally to near-5-year high after new government formation

10-02-2025 | 05:05

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Lebanon's bonds rally to near-5-year high after new government formation

Lebanon’s bonds rallied more than 1 cent on Monday after the country formed a new government on Saturday, a move intended to bring the country closer to accessing reconstruction funds following a devastating war between Israel and Hezbollah.

Lebanon’s dollar-denominated bonds jumped as much as 1.1 cents to being bid at around 18.3 cents across most maturities, the highest level since March 2020, Tradeweb data showed.

Reuters

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