Slow Demand on Medium/Long Term Eurobonds on Wednesday

The BLOM Bond Index (BBI), an indicator of the Lebanese Eurobonds Market, experienced a downtick of 0.02% to 106.65 points, on Wednesday. The yield on the 5Y and 10Y Lebanese Eurobonds continued to increase by 2 basis points (bps) and 1 bp to 5.31% and 6.13%, respectively. Consequently, with the strengthened demand for medium-term US securities, the spread between the 5Y Lebanese Eurobonds and their US equivalent widened by 4 bps to 371 bps. Moreover, the Lebanon’s 5Y Credit Default Swaps (CDS) moved from 369-393 bps to 371-391 bps.

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