Demand on Lebanese Eurobonds Improved with the BBI Increasing 0.05%

The BLOM Bond Index, which tracks the Lebanese Eurobond market, increased by 0.05% to 106.93 points. The 5Y and 10Y Eurobonds’ yields decreased by 1 basis point (bp) each to 5.26% and 6.20%, respectively. The spread between the 5Y Lebanese Eurobonds and its US equivalent narrowed by 4 basis points (bps) to 373 bps. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) stayed constant at 370-392 bps.

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