Demand for Lebanese Eurobonds increased on Thursday, as the BLOM Bond Index (BBI) recorded a 0.07% uptick to 102.79 points. The yield on the 10Y Lebanese Eurobonds dropped by 1 basis point (bp) to 6.89%, while the yield on the 5Y Lebanese Eurobonds remained at 6.50%. Demand for medium term US notes improved yesterday, as the 5Y yield dropped by 3 bps to 1.43%. Hence, the spread between 5Y US treasury bonds and 5Y Lebanese Eurobonds broadened by 3 bps to reach 510 bps. Lebanon’s 5Y Credit Default Swaps (CDS) decreased from their previous quotes of 449-469 bps to 445-466 bps.
*Between Lebanese and U.S notes
