The BLOM Bond Index Saw a 0.13% Progress on Tuesday

Lebanon’s Eurobonds market improved on Tuesday as revealed by the BLOM Bond Index (BBI) that added 0.13% to settle at 107.09 points. The rising demand for medium- and long-term securities triggered down the 5Y and 10Y yield by 2 basis points (bps) to 5.22% and 3 bps to 6.18%, respectively. The 5Y spread between the Lebanese Eurobonds against the US benchmark decreased from 405 bps to 394 bps while the 5Y CDS quote narrowed from 370-400 bps to 370-393 bps.

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