Eurobonds Market Downticked by 0.08% on Tuesday

The Lebanese Eurobonds Market witnessed a slip on Tuesday, as the BLOM Bond Index (BBI) decreased by 0.08% to 106.68 points. The yield on 5Y and 10Y Lebanese Eurobonds augmented by 3 basis points (bps) and 1 bp to 5.29% and 6.12%, respectively. As the demand for medium-term US securities strengthened the spread between the 5Y Lebanese Eurobonds and their US comparable broadened by 7 bps to 367 bps. Meanwhile, the Lebanon’s 5Y Credit Default Swaps (CDS) narrowed from 372-392 bps to 369-393 bps.

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