Following the robust start of the year, Lebanese Eurobond prices drifted lower early this week as investors engaged in profit-taking. Sovereign prices receded to 27.00 cents to the dollar mid-week, reflecting a temporary cooling of the aggressive rally seen in early January that sent prints to a five-year peak. However, the market found renewed support by the end of the week, with prices recovering to 28.375 – 29.375 cents to the dollar. This rebound followed Prime Minister Nawaf Salam’s announcement from the World Economic Forum in Davos where he revealed that the IMF will dispatch a mission to Beirut in February to continue their technical discussions with the government aimed at finalizing a financing program for Lebanon.