Lebanese Eurobonds Slightly Slipped by 0.06% on Tuesday

Lebanese Eurobonds witnessed a slight downturn on Tuesday, as the BLOM Bond Index (BBI) down-ticked by 0.06% to 106.63 points. While the yield on the 10Y Lebanese Eurobonds remained at 6.15%, the yield on the 5Y increased by 2 basis points (bps) to 5.36% as demand for medium-term Lebanese Eurobonds weakened. This decrease in demand, accompanied with the strengthened demand for medium term US securities, broadened the spread between the 5Y Lebanese Eurobonds and its US equivalent by 6 bps to 399 bps. Furthermore, Lebanon’s 5Y Credit Default Swaps (CDS) narrowed from 371-395 bps to 375-394 bps.

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