Lebanese Eurobonds Hit New Post‑Default Highs as IMF Visit Nears

The BLOM Bond Index (BBI) hits its highest level since before the 2020 default this week, as investors anticipate IMF’s visit and a potential new draft of the ‘Financial Regularization & Deposit Recovery’ Law (commonly referred to as the Financial Gap Law) that would be more compliant with IMF conditions. The Central Bank’s gold reserves have more than tripled in value to nearly $47 billion, underscoring their importance in debates over the Financial Gap Law and whether these assets could be mobilized to cover losses.

Meanwhile, U.S. markets are steady as traders await President Trump’s choice for the next Fed chair, with rate cuts still expected later this year.

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