Demand for Lebanese Eurobonds Improved on Monday

Demand for Lebanese Eurobonds improved on Friday as reflected by the BLOM Bond Index (BBI), which inched up by 0.12% to register 104.01 points.

The yield on the Lebanese Eurobonds maturing in 10 years remained unchanged at 6.72%, while that of the Lebanese Eurobonds maturing in 5 years fell by 5 basis points (bps) to 6.06%.

As demand for U.S treasuries improved, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable narrowed by 2 bps to 486 bps.

The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) remained stable at their previous level of 448-468 bps.






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