Higher Demand for Lebanese Eurobonds on Friday

Demand for Lebanese Eurobonds increased on Friday, as the BLOM Bond Index (BBI) increased by 0.12% to reach 102.77 points. The yields on the 5Y and 10Y Lebanese Eurobonds dropped by 2 basis points and 1 basis point (bp) to settle at 6.48% and 6.92%, respectively. Demand for medium term US notes went in the opposite direction, as the 5Y yield up ticked by 9 bps to 1.20%. Hence, the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes diminished by 11 bps to 528 bps. Lebanon’s 5Y Credit Default Swaps (CDS) slightly increased from their previous quotes of 461-481 bps to 462-482 bps.

 

 

 

 

 

 

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