Stagnation on the Lebanese Eurobonds Market Last Friday

Demand for Lebanese Eurobonds stabilized on Thursday, as the BLOM Bond Index (BBI) remained at 102.65 points. The yield on the 5Y Lebanese Eurobonds didn’t change and thus remained at 6.50%, while that of the 10Y bonds slightly down ticked by 1 bp (basis point) to 6.93%. Demand for medium term US notes also stagnated, as the 5Y yield steadied at 1.25%. Hence, the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes maintained its previous level of 525 bps. Lebanon’s 5Y Credit Default Swaps (CDS) merely decreased from their previous quotes of 448-468 bps to 447-467 bps.

 

 

 

 

 

 

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