Demand for Medium and Long Term Lebanese Eurobonds Dropped on Friday

Demand for long and medium-term maturities dropped on Friday, as shown by the BLOM Bond Index (BBI) that decreased by 0.15% to 103.59 points.

The yields on the 5Y and 10Y Lebanese Eurobonds added 2 basis points (bps) and 4 bps to 6.16% and 6.76%, respectively.

As for the US, demand for the 5Y treasuries increased on Friday, thus the spread between the 5Y yield on the Lebanese Eurobonds and that of their US counterparts widened by 6 bps to 494 bps.

Lebanon’s 5Y Credit Default Swaps (CDS) slightly narrowed from their previous bid-ask range of 445-465 bps to 444-464 bps.

 

 

 

 

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