Demand for Lebanese Eurobonds stabilized on Monday, as the BLOM Bond Index (BBI) remained unchanged at 102.65 points. The yields on the 5Y and 10Y Lebanese Eurobonds didn’t change and thus remained at 6.50% and 6.93%, respectively. Demand for medium term US notes improved, as the 5Y yield decreased to 1.15%. Hence, the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes broadened to 535 basis points (bps). Lebanon’s 5Y Credit Default Swaps (CDS) merely increased from their previous quotes of 447-467 bps to 453-473 bps.
*Between Lebanese and U.S notes
