The cost of insuring exposure to Lebanon's sovereign debt fell on Tuesday while prices of dollar-denominated Eurobonds improved after the Cabinet's approval of the 2019 draft budget.
Five-year credit default swaps (CDS) dropped 23 basis points (bps) to 847 bps compared with their closing price on Monday, according to Reuters.
The Eurobond issue maturing in November of this year rose more than 0.7 cents in the dollar, while the March 2020 issue gained 0.6 cents.
The impac...
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