Demand for short-term and long-term Lebanese Eurobonds progressed on Wednesday, pushing up the BLOM Bond Index (BBI) by 0.41% to 103.63 points.
Yields on the 5Y and 10Y Lebanese Eurobonds remained unchanged at 6.25% and 6.77%, respectively.
As for the US, demand for the 5Y US treasuries went up yesterday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts to broaden by 5 bps to 488 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) widened slightly from their previous bid-ask range of 453-473 bps to 454-474 bps.
*Between Lebanese and U.S notes