Eurobonds Markets Registers a Slight Uptick on Wednesday

The BLOM Bond Index, tracking the Lebanese Eurobonds market, posted a 0.09% downtick to 106.91 points. The slip was due to lower demand for 5Y Eurobonds and 10Y Eurobonds as their respective yields increased from 5.23% and 6.18% to 5.27% and 6.20%. The spread between the 5Y Lebanese Eurobonds and the US benchmark steadied at 375 basis points (bps) as did the 5Y CDS quote at 371-393 bps.

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