BBI Declined 0.05% Due to Lower Demand on Medium and Long-term Maturities

Demand for medium and long-term Lebanese Eurobonds dropped, where the BLOM Bond Index (BBI) declined by 0.05% to 107.36 points. The 5Y and 10Y Lebanese Eurobonds yields gained 1 basis point (bp) each to 5.12% and 6.16%, respectively. The 5Y spread against the US Treasury benchmark narrowed by 2 bps 376 bps. As for the 5Y CDS quote, it went from 372-400 bps to 373-398 bps.

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