Eurobonds Market Steadied for the Scond Day

The Lebanese Eurobonds market steadied on Wednesday, with the BLOM Bond Index (BBI) stabilizing at 108.13 points. The 5Y and 10Y Lebanese Eurobonds’ yields steadied at 5.18% and 6.23%, respectively for the second day in a row. The 5Y spread against the US Treasury benchmark narrowed by 2 basis points (bps) to 372 bps. Likewise, the 5Y Credit Default Swaps (CDS) tightened by 64 bps to 348-378 bps.

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