Lebanese Eurobonds Market Faces Stagnant Demand on Wednesday

The Lebanese Eurobonds Market was stagnant on Wednesday, as the BLOM Bond Index (BBI) steadied at 106.91 points. Stable demand for Lebanese government bonds kept the 5Y and 10Y Eurobonds’ yields unchanged at 5.27% and 6.21%, respectively. Meanwhile, improved demand for medium term US treasuries widened the spread between the 5Y Lebanese Eurobonds and its US comparable by 10 basis points (bps) to 375 bps. Furthermore, Lebanon’s 5Y Credit Default Swaps (CDS) went up from 370-392 bps to 378-403 bps.

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