Lebanese Eurobonds sustained a broadly flat performance over the past two weeks, with prices consolidating around 25.25–26.25 cents per USD. Liquidity remained constrained, particularly last week, as trading activity was further suppressed by the Adha holiday closure, resulting in an unchanged week-on-week market outcome. Over the current week, prices have held firm at the same levels despite renewed headlines surrounding a U.S.-brokered ceasefire agreement between Lebanon and Israel. Nevertheless, market participants stayed cautious as sentiment continued to be tempered by heightened concerns that the agreement has not yet translated into a meaningful de-escalation on the ground, given that active hostilities continue along Lebanon’s southern borders.