Question
Read the short update below and answer the following questions: Based on your reading what do you think happened to Lebanons bonds Yield to Maturity.
Read the short update below and answer the following questions:
- Based on your reading what do you think happened to Lebanons bonds Yield to Maturity. Explain?
- The news mentioned that the 2025 Bonds issue is trading at 65.5 cents to the dollar. What does this mean? And why this is the case?
Lebanon dollar bonds tumble as protests spread
LONDON, Oct 21 (Reuters) - Lebanons government bonds tumbled by 1 cent or more on Monday after fierce protests over the countrys economic crisis had spread on Sunday ahead of a cabinet meeting on speeding up reforms.
The sovereigns 2025 issue tumbled 1.34 cents in the dollar to trade at 65.5 cents, Tradeweb data showed, taking the bonds two day losses to nearly 4 cents.
Four days of protests have been the biggest show of dissent in decades against the countrys ruling elite which is strained by claims of corruption and cronyism. On Sunday, Prime Minister Saad al-Hariri agreed a package of reforms with government partners. (Reporting by Karin Strohecker; editing by Marc Jones)
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