Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Investors are rewarding Lebanon's politicians for ending an 11-month stalemate that raised concern over the country's ability to successfully refinance some of the $8.7 billion of debt coming due this year.The yield on Lebanon's dollar bonds maturing in April 2021 dropped 21 basis points over the past two weeks to 6.07 percent Wednesday, as feuding party leaders moved closer to agreeing on forming the Cabinet that was announced on Feb. 15 . The extra yield over U.S. Treasurys fell 26 basis points in the period, to 380 basis points, JPMorgan Chase & Co. data show.Prime Minister Tammam Salam inherits the Arab world's most indebted country. His new government must tap investors while contending with the spillover of violence from the Syrian civil war, including more car bombs Wednesday, a slowing economy and 1 million refugees straining his country's resources.Lebanon's economy has suffered since the Syrian uprising against Assad began in March 2011 .
FOLLOW THIS ARTICLE