Lebanon’s Eurobonds Market Slips 0.04% on Wednesday

The Lebanese Eurobonds Market experienced a decline, with the BLOM Bond Index (BBI) decreasing by 0.04% to 108.50 points as demand for short-term and medium-term securities subdued. The 5Y and 10Y Lebanese Eurobonds’ yields each gained 1 basis point (bp) to 5.12% and 6.13%, respectively. The 5Y spread against the US Treasury widened by 5 bps to 349 bps. Meanwhile, the 5Y CDS quote narrowed to 350-380 bps from its previous close at 352-382 bps.

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