Lebanese Eurobonds End Trading Close to Peak Since Default

The BLOM Bond Index (BBI), which tracks Lebanese government Eurobonds (excluding coupon payments), surged by 13.31% in the week ending January 8, 2026, to 27.37 points. This marks its close to highest level since early March 2020, just days before Lebanon’s historic default on its foreign debt. The rally reflects renewed investor optimism over the potential passage of the Financial Gap Law in parliament.

In the U.S., Treasury yields held steady this week, with the 5‑year note at 3.74% and the 10‑year at 4.19%. This comes as initial jobless claims for the week ending January 3 came in at 208K, 8K higher than the prior week, yet 2K below economists’ expectations in a Dow Jones poll.

For the full report, click HERE.