Lebanese Eurobonds Witnessed a Slight Slip on Tuesday

Tuesday’s trading session closed on a negative note in the Lebanese Eurobonds market following a dwindling demand for medium and short term maturities. This was translated in the BLOM Bond Index (BBI) 0.05% slip with the gauge settling at 106.45 points. Each of the 5Y and 10Y yields on the Lebanese Eurobonds inched up by 1 basis point (bp) to 5.34% and 6.17%, respectively. Thus, the spread between the 5Y Lebanese Eurobonds and its US comparable widened 2 bps to 378 bps. For the 3rd session in a row, Lebanon’s 5Y Credit Default Swaps (CDS) quote steadied at 371-391 bps.

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