Demand for medium and long term Lebanese Eurobonds witnessed a improvement on Tuesday as the BLOM Bond Index (BBI) increased by 0.03% to 103.54 points.
The yield on the 5Y Lebanese Eurobonds remained steady at 6.20%, while that of the 10Y Lebanese Eurobonds lost 1 basis point (bp) to 6.73%.
As for the US, demand for the 5Y treasuries slightly weakened on Tuesday, causing the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts to narrow by 6 bps to 498 bps.
Lebanon’s 5Y Credit Default Swaps (CDS) narrowed from their previous bid-ask range of 453-473 bps to 452-472 bps.
*Between Lebanese and U.S notes
