Calm Activity Depicted in the Lebanese Eubonds Market on Wednesday

Wednesday’s trading session closed on marginal uptick in the Lebanese Eurobonds market, as the BLOM Bond Index (BBI) edged up by 0.02% to 106.47 points. The yields on the 5Y and 10Y Lebanese Eurobonds stagnated at 5.34% and 6.17%, respectively. Furthermore, the spread between the 5Y Lebanese Eurobonds and its US comparable broadened 9 bps to 393 bps as the demand for medium term US securities surged with reports lingering that interest rate rise won’t be expected until December. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) quote narrowed from 371-391 bps to 371-390 bps.

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