Demand for Lebanese Eurobonds improved on Thursday, as the BLOM Bond Index (BBI) increased by 0.007% to reach 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 also increased, as the 5Y yield dropped by 4 basis points (bps) to 1.11%. Hence, the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes broadened by 4 bps to 539 bps. Lebanon’s 5Y Credit Default Swaps (CDS) increased from their previous quotes of 459-479 bps to 461-481 bps.
*Between Lebanese and U.S notes
