Short and Medium-term Maturities Lift BBI to 106.14 Points

The Lebanese Eurobonds Market experienced a slight improvement in demand for both short-term and medium-term maturities, as the BLOM Bond Index (BBI) gained 0.05% to 106.14 points on Wednesday. The 5Y and 10Y Lebanese Eurobonds yields edged down by 2 basis points (bps) and 1 bp to 5.34% and 6.22%, respectively. However, due to a better progress in demand for US 5Y treasuries, the 5Y spread against the US Treasury broadened 8 bps to 387 bps. The 5Y CDS quote also widened, leaping to 419-449 bps from a previous close at 380-410 bps, as global CDS quotes spiked as a result of yesterday’s terrorist attack in Paris.

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