BBI Saw Small Improvement of 0.04% on Thursday

The Lebanese Eurobonds’ market witnessed a small upward push, on Thursday, by 0.04% as the BLOM Bond Index (BBI) registered 106.99 points. 5Y yield on the Lebanese Eurobonds experienced no change lingering at 5.27% while the 10Y yield decreased by 2 basis points (bps) to 6.18%. Furthermore, the 5Y spread between the Lebanese Eurobonds and their US comparable narrowed by 7 bps to 373 bps as the demand for US medium term securities declined. Lebanon’s 5Y Credit Default Swaps (CDS), stood at 371-394 bps compared to 371-393 bps recorded previously.

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