Demand for Lebanese Eurobonds marginally improved on Friday as reflected by the BLOM Bond Index (BBI) which registered a reading of 103.88 points, increasing by 0.02% from its previous level.
The yield on the Lebanese Eurobonds maturing in 5 years remained unchanged at 6.11%, while that of the Lebanese Eurobonds maturing in 10 years fell by 1 bps to 6.72%.
As demand for U.S treasuries weakened, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable narrowed by 3 points to 488 bps.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) remained steady at its previous level of 448-468 bps.