Eurobonds Experience a Higher Demand on Short-term Maturities on Thursday

Demand on short-term Lebanese Eurobonds increased on Thursday, where the BLOM Bond Index (BBI) added 0.06% to 106.54 points. The yields on the 5Y and 10Y Lebanese Eurobonds steadied at 5.37% and 6.17%, respectively. Looking at the spread between the 5Y Lebanese Eurobonds and its US comparable, it narrowed by 4 basis points (bps) to 389 bps as the demand for medium term US securities continued to increase. Meanwhile, Lebanon’s 5Y Credit Default Swaps (CDS) steadied at 370-390 bps.

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