Demand for Lebanese Eurobonds stabilized on Monday as the BLOM Bond Index (BBI) remained at 103.37 points.
The yields on the 5Y and 10Y Lebanese Eurobonds maintained their previous respective levels of 6.36% and 6.82%. However, demand for 5 Year US treasury notes slightly decreased, as their yield up ticked from 1.24% to 1.25% yesterday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of the US treasury notes to drop by 1 basis point (bp) to 511 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) also stagnated at a bid-ask range of 459-479 bps.
*Between Lebanese and U.S notes
