BBI Advanced 0.12% to 106.98 Points on Friday as Violence Halted

As guns fell silent in the South of Lebanon and dialogue between political parties continued, the Lebanese Eurobonds market saw a 0.12% rise in the BLOM Bond Index (BBI) to settle at 106.98 points. The 5Y and 10Y yield each edged down 2 basis points (bps) to 5.22% and 6.21%, respectively. The 5Y spread against the US Treasury benchmark widened to 404 bps on the back of a 0.10% drop in 5Y rates in the U.S. The 5Y CDS quote meanwhile steadied at 369-399 bps.

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