The Lebanese Eurobonds Market Saw Higher Demand on Short-term Maturities

The same political situation led demand in the Lebanese Eurobonds market to be concentrated on short-term maturities, where the BLOM Bond Index (BBI) inched up by 0.03% to 108.22 points. The 5Y and 10Y Lebanese Eurobonds’ yields gained 2 basis points (bps) each to 5.18% and 6.23%, respectively. The 5Y spread against the US Treasury benchmark widened by 1 bp to 355 bps. In contrast, the 5Y Credit Default Swaps (CDS) narrowed from 357-387 bps to 347-377 bps.

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