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Lumen Technologies’ bonds staged a slight recovery after jumping 2.5-3.5 points higher across the curve. While there was no update available yet regarding the rally in its bonds, the company earlier last month saw its creditors agree to provide $1.2bn of financing via new long-term debt, helping extend its maturities, alongside covenant modifications. Its bonds have held steady since then, came after witnessing downgrades by rating agencies through the year with the most recent action to CCC- from B- by Fitch.