Reported about 23 hours ago
Emerging-market investors are hesitant to sell Lebanon's defaulted bonds, which have surged in value recently, following the appointment of a new president that may lead to much-needed reforms and debt restructuring. Despite Lebanon's ongoing economic crisis and lack of debt servicing since 2020, traders are optimistic about the potential for stabilization after the presidential election and a ceasefire with Hezbollah. The new president's challenge lies in forming a government capable of navigating the complex political landscape and addressing the nation's financial woes.
Source: YAHOO