Jan 20th, 2020
Lebanon’s Bond Yields Surpass 200% as Default Risk Rises
Violence has erupted again in Beirut as police and protesters clash outside of parliament. About 100 people were injured according to Lebanese authorities and the Red Cross, with 47 needing hospital treatment. Clashes come amid a rapidly worsening financial crisis and the continuing impasse over the formation of a new government. The yield on Lebanon’s next Eurobonds to mature has rocketed to more than 200% last week. Bloomberg’s Paul Wallace reports on “Bloomberg Daybreak: Middle East.” (Source: Bloomberg)
