Lebanon bond price falls no cause for concern

BEIRUT: Lebanese Finance Minister Ali Hassan Khalil said a fall in the cash price of Lebanon's US dollar-denominated bonds on Monday was no cause for concern.

"The movement in the market is natural after the resignation of the government and does not reflect the presence of a problem," he said.

Lebanese dollar bond prices fell across the curve and credit default swaps jumped on Monday after Prime Minister Saad al-Hariri's surprise resignation over the weekend threw the country into a fresh political crisis.