Weakening Demand for Lebanese Eurobonds on Wednesday
As appetite for Lebanese Eurobonds faded yesterday, the BLOM Bond Index (BBI) slid by 0.19% to 103.200 points on Wednesday. The yields on the 5Y and 10Y Lebanese Eurobonds increased by 5 basis points (bps) and 3 bps to 6.39% and 6.80%, respectively. Accordingly, the spread between the yield on the 5Y Lebanese Eurobonds and the yield on the 5Y US treasuries broadened by 9 bps to 488 bps. The 5Y Credit Default Swaps widened from their previous quotes of 428-448 bps to 427-457 bps.