Higher Appetite for Lebanese Eurobonds on Thursday

Demand for Lebanese Eurobonds increased yesterday as the BLOM Bond Index (BBI) witnessed a positive performance adding 0.08% to 103.50 points.

The yields on the 5Y and 10Y Lebanese Eurobonds declined each by 2 basis points (bps) to reach 6.21% and 6.73%, respectively.

As for the US, demand for the 5Y US treasuries increased more than that of Lebanon on Thursday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts to widen by 4 bps to 507 bps.

Lebanon’s 5Y Credit Default Swaps (CDS) kept their previous bid-ask range at 454-474 bps.

 

 

 

 

 

 

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