The BLOM Bond Index (BBI) added 0.28% to 103.35 points on Friday on account of higher demand for medium and long term Lebanese Eurobonds. Yields on the 5Y and 10Y Lebanese Eurobonds dropped by 11 basis points (bps) and 9 bps to 6.35% and 6.76%, respectively. Accordingly the 5Y yield spread between the Lebanese Eurobonds and their US comparable narrowed by 8 bps to 464 bps. As for the 5Y Credit Default Swaps, they barely moved from a previous quote of 406-426 bps to a quote of 407-427 bps.
*Between Lebanese and U.S notes
