Increasing Demand for Short-term Lebanese Eurobonds on Monday

The Lebanese Eurobonds market witnessed a higher demand for short-term Lebanese Eurobonds on Monday. However, the BLOM Bond Index (BBI) lost a mere 0.03% to 104.03 points.

The yield on the Lebanese Eurobonds maturing in 5 years added 9 basis points (bps) to 6.09%, while that of the Lebanese Eurobonds maturing in 10 years remained stable at 6.71%.

As the U.S treasury market was closed yesterday, the spread between the yield on the 5 Year Lebanese Eurobonds and the yield on their US comparable widened by 9 points to 470 bps.

The bid-ask range for Lebanon’s 5Y Credit Default Swaps (CDS) remained constant at their previous level of 447-467 bps.





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