- June 21, 2019
- By Daily Star
Abeer Abu Omar Paul Wallace| Bloomberg- Lebanon’s Eurobonds have entered distressed territory as a budget delay and rising political tension in the region
complicate efforts to tackle the nation’s fiscal crisis. The average extra yield investors demand to hold the country’s debt over U.S. Treasurys climbed to a 10-year high of 946 basis points this week. Among emerging markets not in default, only Zambia and Argentina have wider spreads, according to a Bloomberg Barclays index.
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