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Lebanon's Bond Yields Surpass 200% as Default Risk Rises: Chart

Lebanon's Economy During Political Uncertainty
Photographer: Sima Diab/Bloomberg

The yield on Lebanon’s next Eurobond to mature rocketed to more than 200% last week as the government’s prospects of avoiding a default diminished. Fitch Ratings warned it may downgrade the country if it pushed ahead with a plan to get local holders of $1.2 billion of debt due on March 9 to swap into longer-dated bonds, instead of repaying it. The Arab nation has been wracked by protests since October over corruption and worsening living standards.