Weak demand for medium and long-term Lebanese Eurobonds pushed down the BLOM Bond Index (BBI) on Thursday by 0.06% to 104.06 points.
The yield on the Lebanese Eurobonds maturing in 5 and 10 years added each 4 basis points (bps) to 6.00% and 6.71%, respectively.
As demand for U.S treasuries maturing in 5 years improved on Thursday, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable widened by 10 points to 465 bps.
The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) remained unchanged at their previous level of 447-467 bps.
*Between Lebanese and U.S notes