Decline in the BLOM Bond Index (BBI) 0.05% to 108.23 points on September 15th

The short term Lebanese Eurobonds dipped, and led the decline in the BLOM Bond Index (BBI) 0.05% to 108.23 points. In fact, the 5Y Lebanese Eurobonds’ yield stabilized at 5.15%, while the 10Y Lebanese Eurobonds’ yield lost 1 basis point (bp) to 6.20%. The 5Y spread against the US Treasury benchmark jumped by 8 bps to 378 bps. Similarly, the 5Y Credit Default Swaps (CDS) broadened by 14 bps to 361-391 bps.

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