Lebanese Eurobonds Gain Some Appetite on Monday

Demand for some Lebanese Eurobonds witnessed a slight improvement on Monday as revealed by the BLOM Bond Index (BBI) which ticked up by 0.02% to 104.19 points.

The yield on the Lebanese Eurobonds maturing in 5 years lost 3 basis points (bps) to 5.97%, while that of the Lebanese Eurobonds maturing in 10 years dropped by 1 bp to 6.67%.

As demand for U.S treasuries maturing in 5 years weakened, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable narrowed by 7 points to 471 bps.

The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) narrowed from their previous level of 449-469 bps to 447-467 bps.

 

 

 

 

 

 

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